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
  • AlexWIWA@lemmy.mlEnglish
    2·
    11 months ago

    I don’t think they should be banned, but their power should be severely restricted.

    My HOA is actually useful because they’ve banned short term rentals, put a cap on long term rentals, and cover the insurance. Granted, this is a place where walls are shared.

    I also don’t see my local government ever taking care of these things under any realistic scenario.