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this post was submitted on 06 Dec 2023
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A Boring Dystopia
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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".
Agreed on all points.
Some communities pass laws to keep investor landlords out entirely.
Amazon buying rental property might also be ruled illegal under current anti-trust laws.
I don't know the best approach, but I don't expect good things to come from Amazon getting into the landlord business.
Good point, but really beside the point.
Anyone who thinks Bezos' controlling interests in both companies won't cause public harm should consider my fine selection of bridges that I'm selling for ridiculous bargains.