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 frankreyes on Saturday December 31, 2022 @02:51PM (#34200044)

> I don’t know who promised you this, but it sounds like you got sold a bridge in Brooklyn.

Gold keeps increasing in value, the Mona Lisa too... Econ 101.

I've already partially answer this in another comment but if you think about it: I'd never buy a property with a 30 year mortgage if I'd known it'd lose its value. I'd be better or cheaper to just rent. But then if buying is a bad choice, because what just said, then who we'd be renting from?

I'm with you, that housing should be affordable. But it seems that everyone here forgets basic Economics.

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Re:JPMorgan to spend $1B on rental homes in the US to become... by anon9384929 on Saturday December 31, 2022 @07:37PM (#34202305)

If you wouldn’t have bought it with a ridiculous amount of money if it would ever go down, maybe that’s a hint that prices are, indeed, way too high…

Anyways, gold doesn’t go up like you think it does (I recall it spent the better part of a decade getting smoked) and your house in some city isn’t a one off like the Mona Lisa.

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Re:JPMorgan to spend $1B on rental homes in the US to become... by Valakas_ on Tuesday January 03, 2023 @02:53AM (#34228960)

What is "value" ?

Is gold more useful now than 20 years ago? More desirable? Has gold as a material been improved?

Most of the increase in "value" is something artificial like inflation / scarcity due to increase in population. But that's not value, that is only indeed economic forces only mildly related to gold itself.

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