Many of the world’s largest investment firms have launched new funds over the past couple of years aimed at acquiring or building single-family homes to use as rentals. This comes as no surprise considering that the increased cost of buying a home has forced many Americans into being tenants instead of homeowners. Arrived, a young real estate company backed by Amazon.com Inc. founder Jeff Bezos, has just announced its entry into the single-family rental fund space. Arrived currently operates a f
      • rainynight65@feddit.de
        4·
        1 year ago

        Only if these corporations are actually required by regulation to make these houses available for rent, and at market-adequate rates. If a company is as cashed up as this one is likely to be, they’ll only rent to people who are willing to pay higher rents, and if there’s nobody who wants to rent a specific property, they’d rather leave it sitting vacant than lower the rent.

        This isn’t hypothetical, it’s happening in practically every property market where wealthy investors are buying up housing stock.