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Jeff Bezos and Amazon joining Blackrock and other Hedge Funds Buying Up Single Family Homes Making us a Rental Nation
Yahoo Finance ^ | August 19, 2022 | Kevin Vandenboss

Posted on 08/20/2022 5:34:55 AM PDT by PK1991

The real estate investment platform backed by Amazon.com Inc (NASDAQ: AMZN) founder Jeff Bezos has continued ramping up its acquisitions of single-family rental homes in several U.S. markets.

Arrived Homes acquires single-family homes to use as rental properties, then sells shares of these properties to investors through its online platform. The demand for rental property shares has grown exponentially so far in 2022, with more homes funded in July than the entire first quarter.

The company has investment properties in 19 of the top 100 cities for population growth in the U.S. and estimates that it will expand to 40 of the top 100 cities by the end of the year. Most recently, Arrived Homes expanded into Nashville, Cincinnati and Indianapolis.

The investment platform is now able to take advantage of the cooling-down period in the housing market to ramp up its purchases at a time when a growing number of investors are looking for alternative investment options outside of the stock market.

(Excerpt) Read more at finance.yahoo.com ...


TOPICS: Business/Economy; Culture/Society; News/Current Events
KEYWORDS: amazon; bezos; blackrock; housing
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Fed had interest rates at record lows so the market goes ballistic because the average person could afford more house. Fed has to tighten so the average homeowner can't afford to buy anymore. Hedge Funds buy the homes for cash and raise the rents so housing never again becomes affordable for the middle class. That way hedge funds don't lose equity as rates go up and prices don't go down. Mortgage applications are at near record lows because the middle class cannot buy but full cash buyers from hedge funds like Bezos and Blackrock continue.
1 posted on 08/20/2022 5:34:55 AM PDT by PK1991
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To: PK1991

I can’t wait for decent neighborhoods to be ruined by renting to ghetto trash and illegals...


2 posted on 08/20/2022 5:37:03 AM PDT by EEGator
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To: PK1991

BR is single-handed-ly destroying neighborhoods. Now Bezos joins forces...


3 posted on 08/20/2022 5:37:41 AM PDT by devane617 (RUN FOR LOCAL ELECTED OFFICE! COUNCIL,SCHOOL BOARD, ETC.)
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To: PK1991

When young people are forced to pay a fortune for rent, the chances of them saving to actually own their own home are slim to none. Not only are the prices too high, but with a minimum down payment, mortgage payments are impossible. Pure evil.


4 posted on 08/20/2022 5:39:21 AM PDT by JudyinCanada (Maranatha)
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To: PK1991

Let’s say this is true. Let’s, hypothetically, also say that there really is an agenda to reduce the global human population. What do they do with all the excess real estate? How does that impact the bottom line? Does the bottom line even matter to these neo-feudalists?


5 posted on 08/20/2022 5:39:45 AM PDT by Sirius Lee (They intend to murder us. Prep if you want to live and live like you are prepping for eternal life)
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To: PK1991

It is capitalism. You don’t like??
Renters are renters because they do not save for down payment.


6 posted on 08/20/2022 5:39:45 AM PDT by entropy12 (Trump & MAGA are the only road to keep USA viable.)
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To: PK1991

HERE
https://newtube.app/user/Hostage/aZXdOqd


7 posted on 08/20/2022 5:40:13 AM PDT by Hostage (Article V)
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To: PK1991
Mortgage applications are at near record lows because the middle class cannot buy but full cash buyers from hedge funds like Bezos and Blackrock continue.

I would suggest that mortgage applications are near record lows because anyone who was planning to sell their home or relocate in the next five years decided to do it in the last 18 months.

8 posted on 08/20/2022 5:40:40 AM PDT by Alberta's Child ("It's midnight in Manhattan. This is no time to get cute; it's a mad dog's promenade.")
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To: Sirius Lee

Ignore all the scare mongers.
Nobody wants to reduce population.
Those who think that are certifiable.


9 posted on 08/20/2022 5:41:19 AM PDT by entropy12 (Trump & MAGA are the only road to keep USA viable.)
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To: entropy12

Says a crusty old man that never had to deal with this.

P.S. The US has never been a free market...ever.


10 posted on 08/20/2022 5:41:30 AM PDT by EEGator
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To: devane617

Nice rental you have there Jeff, pity something could happen to it.


11 posted on 08/20/2022 5:41:53 AM PDT by Mouton (The enemy of the people is the media )
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To: PK1991

We’ve seen what happens when an outfit load up on property at the peak of their costs.

Remember when Japan was buying up a bunch of NYC real estate and had to sell at a big loss?


12 posted on 08/20/2022 5:42:12 AM PDT by jdsteel (Do I really need a /sarc?)
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To: PK1991

so....

What exactly is the issue here? lol

some investor is going to own those homes, why does it make any difference if the landlord is Bezos or Blackrock?

And, what’s preventing people from simply building more homes? Whoever wrote this acts like all the homes ever to be built are already built. When the free market will easily fix this with other investors building more rental properties as prices go up.


13 posted on 08/20/2022 5:42:13 AM PDT by TexasFreeper2009
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To: PK1991

Here it comes...we don’t get a house or apartment unless we’re in good standing (communist party member), good social score, etc.


14 posted on 08/20/2022 5:43:27 AM PDT by ryderann
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To: PK1991

When a consumer has to compete with a corporation willing to spend far in excess of the value of the home value... there is no longer a consumer market.


15 posted on 08/20/2022 5:43:57 AM PDT by Made In The USA (Ellen Ate Dynamite Good Bye Ellen)
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To: TexasFreeper2009

Building of single family homes is very low right now. Multi unit rental starts are at an all time high.


16 posted on 08/20/2022 5:46:05 AM PDT by PK1991 ( )
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To: PK1991

Counties should double (or more) property taxes on non-county, corporate owners.

That would either increase revenue or discourage this practice.


17 posted on 08/20/2022 5:47:14 AM PDT by farmguy
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To: JudyinCanada

Rents go up ... because the price of the home goes up.

And rent will ALWAYS be more than the cost of buying the same home. Because the investor has to pay the mortgage and still make a profit.

So when:

property taxes go up, rent goes up
interest rates go up, rent goes up
land prices go up, rent goes up
construction materials go up, rent goes up

etc etc

renters often think they are not affected by these things, but they are, but are to ill informed to know it.

The truth is, when you are renting, you are paying someone else’s mortgage. The main reason the vast majority rent is because they wrongly “think” they can’t afford to buy, but that’s flat out wrong.

What they “can’t” afford is the .... DOWNPAYMENT.

And they can’t afford that because they don’t know the financial discipline to save the money up.


18 posted on 08/20/2022 5:47:35 AM PDT by TexasFreeper2009
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To: EEGator

That’s exactly what this is about. The illegitimate Puppet Biden regime is bringing in millions of illegal aliens who have to live somewhere. The homes being purchased by Blackrock will be turned into section 8 housing and “rented” to the illegal aliens. The American taxpayer will be the ones who actually pay the rent. The foreigners and refugee’s will live in these homes for free. Blackrock and Amazon have insider information and ae making preparations to benefit from it. I would bet Bill Gates get’s in on the gravy train as well.


19 posted on 08/20/2022 5:47:41 AM PDT by Flavious_Maximus (Tony Fauci: You had one job and you failed!)
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To: PK1991

When this all blows up in their face, I have no doubt the government will *again* bailout hedge funds like Black Rock using public monies, just as they did in the GFC.


20 posted on 08/20/2022 5:48:49 AM PDT by Flick Lives (FJB and the corrupt FBI)
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