this post was submitted on 06 Dec 2023

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A Boring Dystopia

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Jeff Bezos-Backed Real Estate Company Is Launching A New Fund To Acquire More Single-Family Homes Across The U.S. (finance.yahoo.com)

submitted 2 years ago by [email protected] to c/[email protected]

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[–] [email protected] 73 points 2 years ago (1 children)

If your neighborhood has an HOA, pressure them into adding language that limits the number of rental properties. It can take a lot of work / votes to pass, but it can be done.

[–] [email protected] 49 points 2 years ago (1 children)

We did this with our COA (condo owners association). No renters or AirBNBs allowed. If you own the condo you've gotta live in it.

[–] [email protected] 12 points 2 years ago

I've been trying to get my hoa onboard for rental limit.

[–] [email protected] 63 points 2 years ago

How about Jeff Bezos fucks off?

[–] [email protected] 29 points 2 years ago (1 children)

Sure would be a shame if we got candidates for governing bodies that would actually do something about this.

[–] [email protected] 5 points 2 years ago

I looking to run anyone want help support my bud for office. Definitely will want to put a stop to this kind of stuff.

[+] [email protected] 26 points 2 years ago* (last edited 4 months ago) (3 children)

[deleted]

[–] [email protected] 34 points 2 years ago (1 children)

We don't want company towns, there should be no exceptions.

[–] [email protected] 8 points 2 years ago

Maybe put in a few exceptions for things like remote research or production facilities where no real town or civilization in general exists around them. Basically the kind where rotating worker shifts are stationed for 3-6 months at a time and then move back for a few months off.

[–] Iamdanno 11 points 2 years ago (1 children)

Brb, going to set up 100 LLCs to each own a dozen single-family homes.

[–] [email protected] 6 points 2 years ago

You don't place the limit on the company you place the limit on the region. Just like zoning often requires a certain amount of green space you write regulations that only 10-25% of all single family homes can be owned by corporations.

[–] [email protected] 7 points 2 years ago (1 children)

Just scale the tax, it’s so fucking easy to fix. But if they wait it’ll become a giant problem where some awful company or groups of company will fail and break the economy for a while etc etc.

All you have to do is scale the tax. 1 house normal tax rate. 2 houses 2x tax rate on all properties. 3 houses 3x the tax rate on all properties.

Numbers probably need adjusting but that keeps things reasonable, even for small landlords you can scale it so its fair and keeps properties local and even a good investment vehicle for individuals but prevent it from becoming an exploitive market by giants corps.

[–] [email protected] 16 points 2 years ago (1 children)

Zillow lost their shirt doing the same thing.

[+] [email protected] 8 points 2 years ago* (last edited 4 months ago) (1 children)

[deleted]

[–] [email protected] 11 points 2 years ago (1 children)

True. Outright rent-seeking is certainly typically safer than flipping.

I think the risks that crushed Zillow are still relevant: Trying to do something at national scale requires a situation where lack of local knowledge is unnecessary. And housing has proven a few times not to be that.

I would bet on Amazon to come up with an "investment" scheme that externalizes the extreme local market risks to their "partners".

[–] [email protected] 14 points 2 years ago* (last edited 2 years ago) (1 children)

Can Anyone Tell Me Why All Articles Related To Moronic People Has Capital Letters On Each Word? It Triggers Me So Much For Some Reason.

[–] [email protected] 47 points 2 years ago (1 children)

That is called title case. It's used in titles.

[–] [email protected] 32 points 2 years ago (1 children)

They went overboard here, to be fair. Articles and short prepositions shouldn't be capitalized in title case. It is funny to think that an adult has gone through their entire life without seeing title case, though.

[–] [email protected] 16 points 2 years ago* (last edited 2 years ago)

They went overboard here, to be fair.

Oh absolutely, I was just answering in case they legit didn't know about title case.

[–] [email protected] 11 points 2 years ago* (last edited 2 years ago)

I'm sure that Bezos will require that "work from home" is not allowed in any of his leases.

or perhaps lease PRIME will, for a fee, let you work from your rental.

[+] [email protected] 8 points 2 years ago* (last edited 1 year ago) (1 children)

[removed by mod]

[–] [email protected] 1 points 2 years ago* (last edited 2 years ago) (1 children)

Nah dude. It's not as complicated as that.

It's the same mentality that your neighbor has... I don't have enough because someone else has slightly more than me. Tony across the street got the new car... so I should get a newer and better one than him!

The .01% only hang out with each other, and they compete with each other. And they get jealous when their buddy has a cooler nuclear bunker than them, so they need that extra 10 million this year to ugprade their bunker.

They are not evil, they are just people. And you'd behave exactly the same way in their situation. It's how we are wired, to be stupid selfish jealous monkeys. You don't exist to them, they are not thinking about you, only about themselves.

Same thing when you go to your town meeting and your elderly neighbors are screaming bloody murder at their taxes going up $50 this year because they think children should go to school in unheated buildings.