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
It sucks that this is how you have to approach it to have affordable housing.
The only reason it sucks is because the program is so limited by units available. If the program was more widespread that bar to entry could be removed entirely.
The brightside is that it is a clear path forward out of our current situation. We just need to spread awareness and collectively demand action.
Homestead CLT is the program if you want to know more. I highly encourage everyone to see if there is a Community Land Trust in their area.