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 HarryHirsch on Saturday December 31, 2022 @11:48AM (#34198170)

You are aware that food riots routinely bring down governments, which is why there is government policy that keeps the price of food affordable. (It also brought us consolidation and rural depopulation, but that's the price you pay.)

The thing that's really worrying is this - real estate is inherently unproductive. Investment capital ought to be steered into areas that yield technological progress, not into the equivalent of gold stored inside a mattress.

That's the real reason that policy that keeps housing affordable is needed. It's not only good social policy but also good technological policy.

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Re:JPMorgan to spend $1B on rental homes in the US to become... by spacemadness on Saturday December 31, 2022 @01:14PM (#34199033)

Housing as a speculative investment is absolute lunacy and entirely unfair to upcoming generations. I agree this is not where investment funds should be going. It’s doing nothing but cause mass financial struggle to younger generations to enrich older generations—but what else is new. The incentives need to change to shut down NIMBYism and foreign/corporate investment in housing in a constrained market.

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Re:JPMorgan to spend $1B on rental homes in the US to become... by throwaway6734 on Saturday December 31, 2022 @04:00PM (#34200687)

The people making housing a speculative investment aren't the investment firms, they are just along for the ride. It's your average middle to upper middle class homeowners that refuse to allow new housing to be built

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