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 ramesh31 on Saturday December 31, 2022 @01:53PM (#34199454)

> It’s turtles. JPMorgan is publicly traded. The renter can just buy as many shares of it as he wants and pretend it’s his home equity.

Try asking your brokerage for $400,000 of margin at 5% on a $20,000 account and see what they say.

There's no financial instrument even remotely close to what a 30 year mortgage is for the average individual.

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Re:JPMorgan to spend $1B on rental homes in the US to become... by naveen99 on Saturday December 31, 2022 @02:55PM (#34200085)

I believe you can get higher leverage on treasury bonds at your broker. My 1 year treasury bonds use less than 2% margin.

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Re:JPMorgan to spend $1B on rental homes in the US to become... by roflyear on Saturday December 31, 2022 @04:52PM (#34201144)

What's the rate? You're not getting free money.

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Re:JPMorgan to spend $1B on rental homes in the US to become... by naveen99 on Saturday December 31, 2022 @05:37PM (#34201479)

It’s 1% above what you make on the treasury. Less than mortgage rates for sure, and if interest rates drop it might become free money, of course if interest rates go up you are swimming naked.

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Re:JPMorgan to spend $1B on rental homes in the US to become... by roflyear on Monday January 02, 2023 @07:53PM (#34226058)

I suppose, but can't really beat 2.5% on a house (remember, if you're living there, you're not paying rent.. hopefully!)

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