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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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To: qaz123

Wow I had not seen that. Those are enlightening.


101 posted on 08/20/2022 7:55:27 AM PDT by PK1991 ( )
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To: PK1991

Wait until Jeff Bezos and Blackrock see their maintenance costs skyrocket bad investment.
Chicago projects gone bad.


102 posted on 08/20/2022 7:57:37 AM PDT by Vaduz ( )
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To: entropy12

You got all 4 jabs?


103 posted on 08/20/2022 7:58:23 AM PDT by dennisw
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To: Alberta's Child

Good point. Also, the old pump and dump that Wall Street likes to utilize. When the FED reverses course on interest rates because of a cratering economy and stock market housing prices will go up again and inflation will go out of control and they can dump on the suckers again at the peak as the economy implodes.


104 posted on 08/20/2022 8:00:52 AM PDT by PK1991 ( )
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To: entropy12

It is capitalism. You don’t like??


Big business and big government go hand in hand.

I am against big business. It is not good capitalism.


105 posted on 08/20/2022 8:03:14 AM PDT by PeterPrinciple (Thinking Caps are no longer being issued but there must be a warehouse full of them somewhere.)
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To: EEGator

I certainly don’t agree with him.


106 posted on 08/20/2022 8:06:00 AM PDT by Gaffer (Infidel, and proud of it!)
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To: TexasFreeper2009; entropy12

This isn’t a difference of stance on the issue of owning vs. renting. The matter is that people who AGREE with the merit of ownership are being blocked out of a scalper’s market.


107 posted on 08/20/2022 8:11:05 AM PDT by Brass Lamp
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To: varyouga

I bought my first home in Texas for $88K in 1996. Just under 2K SQ FT, a 3 bedroom, 2 bath with formal dining, EIK, fireplace, laundry room, WIKs throughout, and 2 car garage. At the time, we were making $80K jointly. Property taxes were under $3K a year.

We sold that in 2015 and bought a 4 bedroom, 2.5 bath with massive kitchen, formal dining, fireplace, laundry room, WIKs, 2.5 car garage in a great HOA for $222K.

Home is now worth $430K.

The days of an $88K starter home for couples is over. I feel bad for young people.


108 posted on 08/20/2022 8:17:12 AM PDT by TheWriterTX (Trust not in earthly princes....!)
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To: varyouga

I bought my first home in Texas for $88K in 1996. Just under 2K SQ FT, a 3 bedroom, 2 bath with formal dining, EIK, fireplace, laundry room, WIKs throughout, and 2 car garage. At the time, we were making $80K jointly. Property taxes were under $3K a year.

We sold that in 2015 and bought a 4 bedroom, 2.5 bath with massive kitchen, formal dining, fireplace, laundry room, WIKs, 2.5 car garage in a great HOA for $222K.

Home is now worth $430K.

The days of an $88K starter home for couples is over. I feel bad for young people.


109 posted on 08/20/2022 8:17:12 AM PDT by TheWriterTX (Trust not in earthly princes....!)
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To: Brass Lamp

then look in a different area.


110 posted on 08/20/2022 8:17:22 AM PDT by TexasFreeper2009
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To: DoodleBob

The only tool of the left is the person who ignores what’s happening. That person being, you.


111 posted on 08/20/2022 8:24:29 AM PDT by qaz123
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To: JudyinCanada
That’s good information, but I see you’re posting a bunch of listings in Canada. I don’t have the same sense of market conditions up there. I do know that inflation in Canada seems to be far worse than it is down here over the years.

In any case … I would suggest that one’s inability to afford housing and other basic needs is one of the biggest indicators that it’s time to move somewhere else.

112 posted on 08/20/2022 8:27:42 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: entropy12

“Nobody wants to reduce population.
Those who think that are certifiable.”

Meet Mr. Nobody:

https://populationmatters.org/news/2019/09/world-and-un-must-reduce-population-growth

https://populationmatters.org/solutions

https://overpopulation-project.com/organizations-dealing-with-overpopulation/


113 posted on 08/20/2022 8:28:59 AM PDT by cgbg (Claiming that laws and regs that limit “hate speech” stop freedom of speech is “hate speech”.)
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To: bert

How many left wing, UNIPARTY, WEF, NWO folks are on this site?

I don’t care and the site shouldn’t be an echo chamber, but, WOW!!!!

It seems their numbers are growing


114 posted on 08/20/2022 8:29:50 AM PDT by qaz123
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To: Brass Lamp

This is like ... walking through Neiman Marcus and saying DANG! clothes are no longer affordable!

They might be priced out of certain markets that are currently popular and in high demand. But if they are willing to drive a little further, or take a chance in a more marginal area, there are still tons of deals.

And plus as several people have already mentioned here, you don’t have to start with a “home”, you can start with a condo. The point is to get into something you “own” no matter what it is, as soon as possible. As soon as you do that you will have extra money (the difference between what you new house payment is and what your rent was) That extra money will allow you save up for the next down payment much faster and easier. You move out of your original place and rent that out and into you new place. It’s always easier to get a loan on something you will be living in. So you just jump from place to place, living in each along the way and stepping up each time and renting out the one you left.


115 posted on 08/20/2022 8:42:57 AM PDT by TexasFreeper2009
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To: Brass Lamp

Just as a fun exercise, can you give me a city that you think is unaffordable and where normal people are being priced out?


116 posted on 08/20/2022 8:51:33 AM PDT by TexasFreeper2009
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To: PK1991

There is a huge movement to turn safe single family homes suburbs into microhousing urban ghettos.


117 posted on 08/20/2022 9:44:44 AM PDT by Arcadian Empire (The Baric-Daszak-Fauci spike protein, by itself, is deadly.)
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To: TheWriterTX

By way of comparison, in 1996 in Manassas, VA you would have paid $120K for an 1100 sq ft townhouse.

And Manassas, VA is such an armpit that it’s primarily known for the John Bobbitt incident and that guy (Paul Warner Powell) who wrote the prosecuting attorney a letter (under the assumption that he couldn’t be re-tried) that got him convicted of murder and a trip to Virginia’s electric chair.


118 posted on 08/20/2022 9:46:08 AM PDT by brianl703
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To: PK1991

Two single-family homes on my street are already being used as rooming houses. My theory is that the owners’ goal is to buy several adjacent properties, tear down the houses, and build apartments. Our PC city council will be happy to re-zone the area in the name of “climate change.” About a mile and a half from me, a whole square block of single-family homes was torn down and they are building apartments and/or condos on the site.


119 posted on 08/20/2022 9:47:11 AM PDT by Steve_Seattle
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To: entropy12

Turning good neighborhoods into dangerous slums is not capitalism.


120 posted on 08/20/2022 9:51:16 AM PDT by Arcadian Empire (The Baric-Daszak-Fauci spike protein, by itself, is deadly.)
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