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
Probably a controversial opinion but companies should not be able to own residential real estate at all, the reason most people cant get a house is because big companies are buying them up with limitless sums of money so they can rent them out infinitely, its not a free market when the big company will pay 20% over your entire life savings just to make sure you don’t own anything.
Not just limitless sums, companies are borrowing at very low interest rates and skyrocketing real estate prices with free money. Consequelty also causing mass inflation. So you’re paying for them owning houses.
Absolutely nothing controversial about the truth. In fact, I’d say it’s the exact opposite of controversial, at least in this case.
Controversial would be, “if the government won’t stop corporations from buying up single family homes, we should do it ourselves by any means necessary.” That’s controversial.
Controversial but true.
Not controversial at all. The world would be a better place if residential real estate “investment” didn’t exist.
Yeah no this isn’t controversial. Private landlords serve no purpose in society. You just pay them their mortgage for the privilege of living in their house. It’s ridiculous.
%100 no brainer
I agree in the case of single-family homes. Even in cases of 3 or 4 unit buildings. But how do you propose full-on complexes get run if not by a company? Very few individuals have the capital to buy a 50-unit building, and honestly, the US needs more dense urban housing to help reduce our impact on climate.
Easy. Non-profit co-ops, ideally as part of land trusts. They keep prices reasonable, give all community members a say, and the people who are lucky enough to live in them love them.
Cooperative-like legal structures and public housing are viable options.
My opinion that would be just like asking who would own the streets you use to get to it.
We don’t wonder how that really expensive bridge gets owned… Sometimes it’s due to tolls but not always.
Condos. (for non-Americans, this means “apartments except owner-occupied, or at least individually owned and then rented out”
I lived in a 200+ unit condo building. Owned my unit and some proportion of the common stuff and had voting rights and such in the HOA.