Jeff Bezos-Backed Real Estate Company Is Launching A New Fund To Acquire More Single-Family Homes Across The U.S.

Bezos isn't going to miss a chance to dick people over. Because apparently he's not rich enough yet.

Imagine what the world would be like if we treated sociopathy as the vividly destructive mental illness it so obviously is, rather than rewarding sociopaths with wealth and power.

Can we finally focus on real estate reform now?

This latest housing crisis has made it abundantly clear that allowing wealthy individuals and corporations to own single family homes is destructive to society as a whole.

The priority should be owner occupied homes. People need housing security. If even the middle class with career jobs can't afford a modest house in their peak working years, the system is broken.

We can attack this runaway housing inflation by doing the following:

1. Ban companies (including hedge funds, etc) from owning condos and houses. Apartment complexes are still fair game, because society needs high occupancy buildings which require more capital to build and run.

2. Limit individual ownership to 3 (as an example, number doesn't matter) dwellings. This will curb the rampant "buy for short term rental, parlay into next purchase for short term rental" scheme. We still need rental properties, and small local landowners should be the priority.

3. Heavy penalties for selling in under 2 (as an example) years. This will also curb the short term rentals due to added risk, as well as curbing the flippers relisting at 30%+ (and I've seen 100%) markups after 3 months.

Each of these wouldn't be outright bans which would potentially too big of a disruption. But in phases, using increasing tax penalties as the stick.

We need to stop treating homes as a commodity. They are a basic essential.

Probably a controversial opinion but companies should not be able to own residential real estate at all, the reason most people cant get a house is because big companies are buying them up with limitless sums of money so they can rent them out infinitely, its not a free market when the big company will pay 20% over your entire life savings just to make sure you don't own anything.

residential property should not be able to be bought by corporations, there is no benefit in allowing that to happen at all

100% tax over a billion dollars.

Yeah all the $40k/yr MAGAts gonna haaaaaate that

Fuck these rich assholes.

Literally straight up evil

It will not stop. The government won't step in, because they are all in on it. Their money comes first, above all else. The way they treat me homeless people today is how you will be treated tomorrow.

There is only one way to stop the runaway cancer of greed, and it's not by writing angry notes.

This right here is the modern slavery and politicians are condoning this predatory behaviour.

How the fuck does anyone even afford to buy a house now? Billionaires keep buying them all out just to rent them out, to buy more houses. It's almost as bad as me trying to use a hula hoop.

Why should anyone own a home when they can rent them from the capital class?

Neofeudalism. Having fun yet?

You're not rich if you own a home. You're rich when you own everybody else's home

Fuck this fucking fucker

Lol a big fuck you to all middle class and that includes you too Ryan. Carrying an iPhone and driving a Mercedes on a loan doesn't make you rich if you still have to be in the office mon-fri and slave 9-5.

So is this guy, like, the Devil? Every headline I see with him is like "Emperor Palpatine is buying single family homes" where I just assume it's for some nefarious purpose that's gonna benefit his regime and dick over a looooot of people.

Congratulations, Airbnb. You singlehandedly destroyed the entire US housing stock, and ensured that the rich can continue to get richer, and the rest of us can continue to get fucked.

edit: Not even joking.

so sick of this neofeudal bullshit

Boy, he's really trickling it down on all those families' heads...

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This feels very aboringdystopia

Burn it to the ground. I would rather burn my whole neighborhood down than have Bezos own it.

Well this isn't creepy as fuck.....

Yeah it’s the human condition. Power corrupts. It always does. It would corrupt me. It would corrupt you. What’s it like to live real life in god mode? I know what you do when the cheats get turned on, because I’ve done the same. But what happens when there is no option to restart the game? Or to play something else? You return to the game. It’s all you have. You become determined to make it progressively worse because you’re average. You have no imagination. You suck. You’re not a leader. You’re a regular dude for the most part and not cut out for this shit. You fuck it up. If we’re in a simulation, it’s the worst kind. One controlled by the simulated.

disgusting.

Meanwhile the republicans want to remove the estate tax

Billionaires is a symptom of the illness.

Kind of feels like these people have declared war on me but if I try and fight back, I'd be the bad guy.

Straight out of Boring Dystopia community

It might be time to eat these motherfuckers

Kill the rich.

Do you guys think they'll start offering housing as job incentives soon? Work for us and you may have a house. Or tying housing to your job like they do with health insurance?

We're literally going back into a feuldal system with lords and serfs.

We need to expand community land trusts to ensure people have housing. Just going to copy and paste a previous comment since I was just talking about them in a thread about HOAs.

I live in a townhouse that is one of 30 on our lot. All of the houses are a part of a land trust program that owners have to qualify in order to buy, a minimum income set to ensure applicants can pay a mortgage and a maximum set by the average income of the city. The houses are sold at cost and buyers agree to sell at that cost, plus a small percentage of equity gain per year lived in the house. Property taxes are fixed to this valuation agreement so nobody in the program is forced out of their home from real estate bubbles.

If the program was expanded the bar to entry could be lifted. I had to hold off on a raise that I got while we were in the middle of the buying process to make sure I didn't go over the cap, which is hilarious (sad) since we still struggle with my current income. Friends of ours missed out and moved out of state because they were a few paltry thousand over the cap, the work in restaurants and had they not declared their tips they would have had a house in the city they love.

A great start would be seizing these vulture's properties that are compounding the problem.

Home ownership will be a thing of the past. Eventually corporations will own all the single family homes within two hundred miles of any urban center.

This is the bad ending, Humpty Dumpty didn't fall off the wall and die.

It's because he doesn't have enough money.

Oh boy…

Company towns are about to return with a vengeance. Looking forward to our feudal amazonpunk future.

Yes please keep making really big bets on a bubbled market. Everyone ready for housing market crash 2 electric boogaloo?

We have to stop this :(

He’s a max level twink just ganking lowbies at this point because he can. They are no threat to him and he’s doing it because he has zero empathy and too much free time.

P2W is bad, always

Oooh, are we going back to company towns already?

Oh dear, that's the worst possible thing, why is it legal.

I'll just leave this here: French Revolution https://en.wikipedia.org/wiki/French_Revolution

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Trickle up.

Finally! Soon I'll be able to get that 3bed 0bath house I've been dreaming of

Bezos in 5 years: "I call it: diagonal integration."

Don't worry, he will patent One Click Rent Payments... Making your life easier one house at a time.

Build more housing.

At some point we are going to have to burn down blackrock and amazon and every other piece of shit corporat fuck business that buys up all the fucking homes.

"WhY IS TheRE A HoUsInG CrISis!?"

ffs, hope bezos gets an untreatable form of fucking cancer.

“Arrived CEO Ryan Frazier …. also noted the persistent demand for housing, outpacing the supply of new homes over the last decade.” Fucking capitalism