Many of the world’s largest investment firms have launched new funds over the past couple of years aimed at acquiring or building single-family homes to use as rentals. This comes as no surprise considering that the increased cost of buying a home has forced many Americans into being tenants instead of homeowners. Arrived, a young real estate company backed by Amazon.com Inc. founder Jeff Bezos, has just announced its entry into the single-family rental fund space. Arrived currently operates a f
    • Chef@sh.itjust.works
      181·
      11 months ago

      Waiting for Amazon to pay their employees in “digiscrip” that they can only use at Amazon-owned businesses.

      Pay your rent on your AmazonHousing account.

      Buy groceries from AmazonFresh.

      Health insurance from AmazonHealth.

      Welcome back to the coal mining towns of yore.

      • KnightontheSun@lemmy.world
        31·
        11 months ago

        You load sixteen tons, what do you get?

        Another day older and deeper in debt

        Saint Peter don’t you call me 'cause I can’t go

        I owe my soul to the company store

    • spriteblood@kbin.social
      31·
      11 months ago

      Best case scenario I see, housing market gets worse and more unattainable. Wage slave quarters and company towns could easily be part of that though.

      • Kbin_space_program@kbin.social
        5·
        11 months ago

        The issue is that corporations have 80-90%+ of the money.

        Expensive housing is a benefit for them, it’s not a drawback. It’s only a drawback for people that want to be free and actually own their own place.

      • pikmeir@lemmy.world
        61·
        11 months ago

        Amazon introduces Amazon Residence! For just $999.99 per month (for the first 12 months), enjoy unlimited access to a fully furnished 500 square foot room in a city of your choice. No property fees! No hidden fees! Utilities not included. Options limited. First come, first serve.