Re:JPMorgan to spend $1B on rental homes in the US to become...
by dangus on Saturday December 31, 2022 @06:15PM
(#34201725)
I'm sorry for your situation. Did you read the article?
This is not about buying existing homes. This is a joint venture to build new build-to-rent housing developments.
> The build-to-rent trend initially emerged during the Great Recession as a way for homebuilders to continue adding supply at a time when consumers were not buying homes. It refers to a process where developers construct an entire community of typically detached single-family homes that are later rented out by an operating partner.
In my opinion, this strategy and investment makes sense to large institutions like JPMorgan because interest rates are high while property values remain high. Building new rental housing increases overall supply, which is something that should, at least in theory, help people like you.
This is not about buying existing homes. This is a joint venture to build new build-to-rent housing developments.
> The build-to-rent trend initially emerged during the Great Recession as a way for homebuilders to continue adding supply at a time when consumers were not buying homes. It refers to a process where developers construct an entire community of typically detached single-family homes that are later rented out by an operating partner.
In my opinion, this strategy and investment makes sense to large institutions like JPMorgan because interest rates are high while property values remain high. Building new rental housing increases overall supply, which is something that should, at least in theory, help people like you.