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
  • Wrench@lemmy.world
    7·
    7 months ago

    I’ll take capital gains tax as a reasonable compromise.

    I will say that I don’t think keeping “renovation” flippers intact is a strong motivation. They are infamous for putting in shoddy cosmetic work to hide serious problems. At least if someone needs to occupy a renovated house for 2 years, they may actually be motivated to do things right.