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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 simplicio on Saturday December 31, 2022 @09:55AM (#34196951)
They'll lower rents in order to maximize profit. Number of units goes up, demand stays constant, the price will need to come down or they're stuck with empty units that generate negative profit.
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Re:JPMorgan to spend $1B on rental homes in the US to become... by falcolas on Saturday December 31, 2022 @10:21AM (#34197180)
Demand is not remaining constant. And it currently outstrips supply.
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Re:JPMorgan to spend $1B on rental homes in the US to become... by s1artibartfast on Saturday December 31, 2022 @10:53AM (#34197510)
Demand would still be lower than if JP didn't build the houses.

That may be higher than today, but it is lower than an alternate future where we ban building houses.

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Re:JPMorgan to spend $1B on rental homes in the US to become... by welshwelsh on Saturday December 31, 2022 @10:54AM (#34197520)
When demand is greater than supply, then the limited supply goes to the highest bidder. Nothing wrong with that.

JP Morgan is building more housing though, which is always a good thing because it increases supply. Governments need to ensure that building more housing remains an accessible and profitable venture.

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