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A comment on JPMorgan to spend $1B on rental homes in the US to become a megalandlord. Parent comment

Re:JPMorgan to spend $1B on rental homes in the US to become... by refurb on Saturday December 31, 2022 @10:31PM (#34203307)
"This is the most naive take. Walmart is going to sqeeze as much profit as possible, why would they do anything to lower the price of consumer goods?"
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Re:JPMorgan to spend $1B on rental homes in the US to become... by gremlinsinc on Sunday January 01, 2023 @01:30PM (#34209139)
milk and bread fluctuate between 2 and 4 dollars and have since I can remember.

housing never goes down. rent has steadily increased from 800 for a 3 bd in my area to 1500 in 6 years. (rural Utah).

this isn't apples and oranges comparison. rental markets aren't the same as consumer markets.

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Re:JPMorgan to spend $1B on rental homes in the US to become... by refurb on Sunday January 01, 2023 @11:41PM (#34214441)
The point being lowering prices can sometimes maximize revenue.

And sure housing goes down, check out prices after 2008. Condos in Miami could be bought for $30,000. They couldn't give them away.

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