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[–] pelespirit@sh.itjust.works 9 points 1 month ago (4 children)

Fuuuuuuuuuck Amazon. There was another article mixed into this horror story with another horror story where "every day people" can invest in real estate. Basically, everyday people are paying for Amazon to buy out all of the extra real estate and price fix "the everyday people" out of living in great cities. Again, fuuuuuuuuuuuuuck Amazon.

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[–] FavouriteShapes@sh.itjust.works 1 point 1 month ago* (3 children)

What do the everyday investors get out of that then?

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[–] pelespirit@sh.itjust.works 2 points 1 month ago (2 children)

https://moneywise.com/investing/real-estate/invest-vacation-rental-homes-v?

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[–] FavouriteShapes@sh.itjust.works 2 points 1 month ago* (1 child)

Hmm I can see why that would be so tempting, and also why it's so horribly dangerous and unethical. You'd literally have to pick to invest specifically in a country of people you want to fuck over for it to be anything other than turkeys voting for thanksgiving

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[–] pelespirit@sh.itjust.works 2 points 1 month ago*

My guess is cities are saying corporations can't own this much real estate and this is how they're trying to get around those laws. They're billion dollar companies. Plus, sure they're getting dividends now, but what happens if the market goes the other way? The billion dollar coporation isn't going to take the hit.

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[–] bitteroldcoot@piefed.social 7 points 1 month ago* (last edited 1 month ago) (1 child)

Well they did put up some orange cones, so nobody would step on him.

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[–] VicksVaporBBQrub@sh.itjust.works 2 points 1 month ago

Cones cost money. Plenty of Gatorade pee bottles though.