Jeff Bezos-Backed Real Estate Company Is Launching A New Fund To Acquire More Single-Family Homes Across The U.S.
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 forc...
Bezos buying limits supply of houses, limited supply means more demand for houses. More demand, means increased costs for you!
I think it goes way beyond that. They will turn them into rental for illegals and other immigrants. As a social worker, I am in several beautiful upscale homes that are rented by a 3 generation family. When I ask who’s working, maybe one person is in a min wage job and the rest comes from someplace like catholic charities or some kind of immigrant program set up through the local housing authority. Then I visit next a family of 5 American citizens who live in a camper where both are working. It’s nauseating.
I suspect they are replacing us “Americans” with the immigrants they will probably house them for labor.
Jeff and Black Rock. I saw another article on that.
Loathe these people.
He is one bald demon.
Truly.
Rent the best home you can in a renter friendly state and stop paying rent save the money until evicted three years later and pay cash for your new van and move down by the river in it.
You can certainly do that in CA without any trouble.
No company should be able to buy a house, condo, apartment or otherwise.
Unless that company is trying to buy it to turn into a store.
Here come all those mailings and phone calls again asking if you want to sell your home. In my area, there are more sellers than buyers (due to cost) and so those sellers will go for it.
Midwest is where I moved. 2 years ago, there's very limited homes to purchase. Not sure right now.
That sounds like Heaven. The less the merrier for me.
I'm sick of watching farms and woodlands being bought up by developers and turned into the ugliest, mass produced and over-priced homes one could ever imagine...
Nut to butt apartment complexes.
Did you get a good mortgage rate?
no mortgage rate. I purchased it outright.
I constantly hear from realtors asking if we want to sell our house. It's not on the market, and we've lived here for thirty years. The buyers are mostly people leaving high cost urban/urban adjacent areas. There are far more buyers than sellers, and houses are selling for hundreds of thousands more than just a few years ago. They're not buying in order to rent the houses out, they just want to live somewhere quiet.
That sucks. If there are any airbnbs near me, it's not obvious. Maybe my town has an ordinance against them. I hope so, but I live in a summer resort area, and I'm thinking the many hotel owners have done what they can to discourage it. Just like no food trucks because they take business away from taxpaying restaurants.
My condolences. I would hate that for my neighborhood. Bad enough putting up with the often rude and arrogant visitors we get in the summer. We even have town-wide celebrations the week after Labor Day when they all leave.
Welcome to Pottersville!
Hee-haw.....
What is Pottersville, or where?
It's a wonderful life.
Classic Christmas movie.....
Thanks.
Highly recommend watching it (if you haven't already).
It is truly a classic that can pick up ones spirit.
I can't tell you how many times I've watched it and it still brings a tear to my eye at the end.
Ok, will do. Pottersville it will be.
It's always on some channel on Christmas Eve and Christmas day guaranteed.
I just watched it again last week on some cable channel.
Jimmy Stewart at his finest..
Yes, the name, "It's a Wonderful Life" sounds familiar. I might have seen it before but I know it's usually on during holiday seasons.
Why does Bezos need yet another form of income? Who does this benefit since it doesn't even benefit himself as he could never possibly spend that money. Is this a disease that some people have or are they driven by an interstellar parasitic force?
didn't have enough to pay for pizza.
Wil the EO Trump signed come into play? All assets seized.
That’s what I’m hoping for. One time mass auction only for American citizens.
An illegal alien has downvoted you.
Pray that for sure.
LOL
You shall own nothing, and like it.
Shall be homeless and own nothing. Yes. SAD
Eventually they'll drop the "like it" and just accept that it wasn't really intended.
I get tons of "sell us your house no questions asked, no inspection" flyer in the mail all the time. They're from these fucking restate brokers to turn your house into a rental.
Yeah. I got that in WA too.
He needs more income. /s
Of course. Several billions not enough to purchase coke and adrenochrome.