News for hackers. Stuff that matters.
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.
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