Re:JPMorgan to spend $1B on rental homes in the US to become...
by europeanguy on Saturday December 31, 2022 @03:40PM
(#34200511)
$1bn on rental homes
That's 10,000 $100,000 homes, or 5,000 $200,000 homes, or 2,500 $400,000 homes.
Is it just me, or when put like this it doesn't seem so many? The high rise where I live has, I estimate, 200 units. So at $400,000 per, they're buying roughly 12 high rises. Doesnt seem like a "threat to democracy". What am I missing?
That's 10,000 $100,000 homes, or 5,000 $200,000 homes, or 2,500 $400,000 homes.
Is it just me, or when put like this it doesn't seem so many? The high rise where I live has, I estimate, 200 units. So at $400,000 per, they're buying roughly 12 high rises. Doesnt seem like a "threat to democracy". What am I missing?