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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 zip1234 on Saturday December 31, 2022 @01:03PM (#34198928)
My understanding is that in most places taxes would go down for homes. They would go up massively for those with vacant lots or a lot of land in prime areas that is being underutilized, which is why LVT is great.
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Re:JPMorgan to spend $1B on rental homes in the US to become... by rightbyte on Saturday December 31, 2022 @08:12PM (#34202538)
My understanding is that people try to live their life and than tech bros and yuppies move in and somehow the taxes go through the roof and you gotta leave.

I mean, you sell your house with a lot of lot for a lot to some Facebook manager and move to Florida, but the whole scheme seems sinister to me.

Somehow "not getting my neighborhood ruined" is labeled NIMBY:ism nowadays?

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Re:JPMorgan to spend $1B on rental homes in the US to become... by zip1234 on Tuesday January 03, 2023 @12:52PM (#34235007)
I was specifically responding to the actual effects of LVT in practice. I'm not sure what you mean by sinister and also 'neighborhood ruined'?
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