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
The reason those houses are vacant is because companies bought them and are now pricing them out of the reach of most consumers
How do you think businesses work? By pricing the things they are selling out of reach of consumers?
How much money does a corporation make by just owning a house? I think it’s not as much as renting it.
Do you know that real estate investment exists? A house is an asset, and unless the entire economy crashes (like in 2008), then owning homes (even if empty) will make you easy money. It’s an appreciating asset. I could be wrong, but I also believe it’s very good for laundering money.
Wealthier Chinese nationals have been doing this for years in the US and Canada (look at what Chinese real estate investment has done to the housing market in Vancouver, for example).