2y ago

Jeff Bezos-Backed Real Estate Company Is Launching A New Fund To Acquire More Single-Family Homes Across The U.S.

finance.yahoo.com

News @lemmy.world

return2ozma @lemmy.world

2y ago

Jeff Bezos-Backed Real Estate Company Is Launching A New Fund To Acquire More Single-Family Homes Across The U.S.

finance.yahoo.com /news/jeff-bezos-backed-real-estate-151102586.html

chapotraphouse @hexbear.net

WayeeCool [comrade/them] @hexbear.net

2y ago

Jeff Bezos-Backed Real Estate Company Is Launching A New Fund To Acquire More Single-Family Homes Across The U.S.

finance.yahoo.com /news/jeff-bezos-backed-real-estate-151102586.html

22 comments

If your neighborhood has an HOA, pressure them into adding language that limits the number of rental properties. It can take a lot of work / votes to pass, but it can be done.
- We did this with our COA (condo owners association). No renters or AirBNBs allowed. If you own the condo you've gotta live in it.
  
  I've been trying to get my hoa onboard for rental limit.
How about Jeff Bezos fucks off?
Sure would be a shame if we got candidates for governing bodies that would actually do something about this.
- I looking to run anyone want help support my bud for office. Definitely will want to put a stop to this kind of stuff.
- We don't want company towns, there should be no exceptions.
  
  Maybe put in a few exceptions for things like remote research or production facilities where no real town or civilization in general exists around them. Basically the kind where rotating worker shifts are stationed for 3-6 months at a time and then move back for a few months off.
- Brb, going to set up 100 LLCs to each own a dozen single-family homes.
  
  You don't place the limit on the company you place the limit on the region. Just like zoning often requires a certain amount of green space you write regulations that only 10-25% of all single family homes can be owned by corporations.
- Just scale the tax, it’s so fucking easy to fix. But if they wait it’ll become a giant problem where some awful company or groups of company will fail and break the economy for a while etc etc.
  All you have to do is scale the tax. 1 house normal tax rate. 2 houses 2x tax rate on all properties. 3 houses 3x the tax rate on all properties.
  Numbers probably need adjusting but that keeps things reasonable, even for small landlords you can scale it so its fair and keeps properties local and even a good investment vehicle for individuals but prevent it from becoming an exploitive market by giants corps.
Zillow lost their shirt doing the same thing.
- True. Outright rent-seeking is certainly typically safer than flipping.
  I think the risks that crushed Zillow are still relevant: Trying to do something at national scale requires a situation where lack of local knowledge is unnecessary. And housing has proven a few times not to be that.
  I would bet on Amazon to come up with an "investment" scheme that externalizes the extreme local market risks to their "partners".
Can Anyone Tell Me Why All Articles Related To Moronic People Has Capital Letters On Each Word? It Triggers Me So Much For Some Reason.
- That is called title case. It's used in titles.
  
  They went overboard here, to be fair. Articles and short prepositions shouldn't be capitalized in title case. It is funny to think that an adult has gone through their entire life without seeing title case, though.
I'm sure that Bezos will require that "work from home" is not allowed in any of his leases.
or perhaps lease PRIME will, for a fee, let you work from your rental.
- Nah dude. It's not as complicated as that.
  It's the same mentality that your neighbor has... I don't have enough because someone else has slightly more than me. Tony across the street got the new car... so I should get a newer and better one than him!
  The .01% only hang out with each other, and they compete with each other. And they get jealous when their buddy has a cooler nuclear bunker than them, so they need that extra 10 million this year to ugprade their bunker.
  They are not evil, they are just people. And you'd behave exactly the same way in their situation. It's how we are wired, to be stupid selfish jealous monkeys. You don't exist to them, they are not thinking about you, only about themselves.
  Same thing when you go to your town meeting and your elderly neighbors are screaming bloody murder at their taxes going up $50 this year because they think children should go to school in unheated buildings.

22 comments