JPMorgan to spend $1B on rental homes in the US to become a megalandlord

Re:JPMorgan to spend $1B on rental homes in the US to become... by iso1631 on Saturday December 31, 2022 @10:27AM (#34197224)

> Financialization of homes as a personal investment is a BAD thing

there's two parts to home ownership

Physical asset, which deprecates (or needs a lot of maintenance to keep its value)

Land, which appreciates, as they aren't making any more

The former is fine. If you take a wreck and improve/renovate it and sell it for more than you paid, that's great, should be encouraged. The problem is the land value. Ironically the US tends to tax the physical asset far more than the land.

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Re:JPMorgan to spend $1B on rental homes in the US to become... by s1artibartfast on Saturday December 31, 2022 @10:46AM (#34197417)

I'm not even sure homes are depreciating assets any more.

The increase in labor costs may now exceed the rate of home degradation.

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