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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 CyberDildonics on Saturday December 31, 2022 @10:53AM (#34197508)
I don't know what "neotechnofeudalism" is, but if a bank built a single building 60 floors high with 8 condos on each floor and the condos averaged about 2 million USD each, would that then be neotechnofeudalism ?
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Re:JPMorgan to spend $1B on rental homes in the US to become... by HarryHirsch on Saturday December 31, 2022 @11:50AM (#34198187)
No idea about that, but wasn't it Blackrock that is buying up half of Cleveland?
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Re:JPMorgan to spend $1B on rental homes in the US to become... by mbg721 on Saturday December 31, 2022 @11:51AM (#34198201)
The other half is Baker Mayfield's den, still unsold after the insurance commercials.
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Re:JPMorgan to spend $1B on rental homes in the US to become... by inthepipe on Saturday December 31, 2022 @12:04PM (#34198337)
If that construction was part of a broader concentration of capital in the top 0.1% of society that was then deploying that capital to buy up as much real estate as possible, then yes.
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