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
Why should anyone own a home when they can rent them from the capital class?
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There is a need for some home rentals. Like taking a job in a new city that may or may not pan out long term but you still want to bring the whole family.
Or you need a few more years to save up for a down payment.
Or you are ready to buy a house, but the current mortgage rates are frikkin’ insane and you want to wait a year or two for the rates to come down.
Or your house gets water damage and your insurer needs to put you in another house while yours is fixed. That’s not what these companies are buying these houses for. They are buying all of them to try to force people into rentals.