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
“Arrived CEO Ryan Frazier …. also noted the persistent demand for housing, outpacing the supply of new homes over the last decade.” Fucking capitalism
Comically enough, market forces would actually help to resolve this if it weren’t for zoning and other regulations making it nearly impossible to build more housing in most places.
Capitalism did not cause this. Kneecapping capitalism through exclusionary zoning did