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A comment on JPMorgan to spend $1B on rental homes in the US to become a megalandlord. Parent comment

Re:JPMorgan to spend $1B on rental homes in the US to become... by 2OEH8eoCRo0 on Saturday December 31, 2022 @09:47AM (#34196869)
It's not an issue right now though. I look around and I see thousands of apartments and condos for rent from different entities- many of them small renters. There are also tons of houses for sale.

Why aren't they all corporate owned yet? I think a lot of renting is not profitable but if all you need is a place to live that's no problem. Perhaps I'm a bit ignorant here?

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Re:JPMorgan to spend $1B on rental homes in the US to become... by ehnto on Saturday December 31, 2022 @11:07AM (#34197668)
The worry is that during a recession, when real estate assets are cheap, corporations might buy up the assets in order to rent them back or sell them for profit. It is just a worry at this point, but this rumbling from JPM is not confidence inspiring.
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Re:JPMorgan to spend $1B on rental homes in the US to become... by HWR_14 on Saturday December 31, 2022 @12:29PM (#34198558)
This happened in 2008 for instance (or at least in the aftermath of 2008)
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