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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 bumby on Saturday December 31, 2022 @12:40PM (#34198672)
In part, because it incentivizes a lack of diversification in wealth, which leads people to support policies that protect the one egg in their basket.

Secondly, unless you own multiple properties, it's a market you can't exit. You always need a place to live so if you sell your "investment" at a market high, you have to buy your next "investment" at a market high.

Combining the two, you get a lot of policies that protect paper wealth not generating much value. I think it was Putin who said something along the lines of "I don't understand the American economy. It seems like they're just buying and selling homes to each other."

[ Parent | on HN ]
Re:JPMorgan to spend $1B on rental homes in the US to become... by parineum on Saturday December 31, 2022 @12:53PM (#34198822)
"Investment" doesn't just mean dollars, it means value to the person making it.

Owning a home provides tremendous value to the owner beyond the financial aspect.

[ Parent | on HN ]
Re:JPMorgan to spend $1B on rental homes in the US to become... by geocon on Saturday December 31, 2022 @01:01PM (#34198905)
Failure to understand imputed rents is a huge problem whenever housing discourse comes up.
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Re:JPMorgan to spend $1B on rental homes in the US to become... by bumby on Saturday December 31, 2022 @02:10PM (#34199641)
The OP seemed pretty clear to me that they were referring to a financial investment. I don't think "investment" is particularly useful for describing other value, and think that more aligns with "utility" rather than an "investment".
[ Parent | on HN ]