LogFAQs


Current Events > JP Morgan about to acquire UP to a 1 BILLION worth of Real Estate

Topic List
Page List: 1
CARRRNE_ASADA
11/17/22 2:59:04 PM
#1:


Starting with the purchase of 250 homes around the Atlanta area. Then the rest will be through the investment of build to rent houses. This has been my biggest fear with the crashing of house prices, that those acquisitive power will come in and scoop as many homes as they can to rent them. Should be illegal being a landlord of this magnitude.

https://www.businessinsider.com/jp-morgan-to-acquire-1-billion-of-single-family-rentals-2022-11?utm_source=reddit.com&utm_source=reddit.com

---
SEXY SEXY!
... Copied to Clipboard!
TaylorHeinicke
11/17/22 3:00:12 PM
#2:


shocked pika

---
St. Louis Battlehawks (1-1)
... Copied to Clipboard!
Robot2600
11/17/22 3:00:33 PM
#3:


should definitely be illegal.

we dont let people scalp concert tickets. why do we let banks scalp houses.

---
---
... Copied to Clipboard!
SocialistGamer
11/17/22 3:00:53 PM
#4:


Should only be allowed to buy a house if you plan to live in it.

---
Capcom is the best developer ever!
Steam ID: SocialistGamer92
... Copied to Clipboard!
K181
11/17/22 3:01:43 PM
#5:


Oh, I thought this was about them trying to buy the Upper Peninsula of Michigan for a second.

---
Irregardless, for all intensive purposes, I could care less.
... Copied to Clipboard!
Giant_Aspirin
11/17/22 3:02:18 PM
#6:


renting out single family homes should have heavy taxes to discourage it

---
Playing: Yakuza: Like a Dragon
I hope something good happens to you today
... Copied to Clipboard!
Flockaveli
11/17/22 3:03:24 PM
#7:


JP Morgan can I get one of those fucking uhhh houses.
... Copied to Clipboard!
Robot2600
11/17/22 3:05:10 PM
#8:


for real. housing is a fucking natural right. electricity is regulated, we need more housing regs.

if power companies had it their way it would be 200,000 a year for electricity or sit in the fucking dark.

already it's like: pay rent or pay a literal million dollars.

cant save cause rent cost more...such a scam.

"Oh wow, if you could buy you'd be making money but you cant cause a bank bought all the houses so lol"

and we fucking bailed these people out in 2008. shoulda let em crash.

---
---
... Copied to Clipboard!
#9
Post #9 was unavailable or deleted.
Popcorn2000
11/17/22 3:06:23 PM
#10:


Robot2600 posted...
should definitely be illegal.

we dont let people scalp concert tickets. why do we let banks scalp houses.
Exactly

... Copied to Clipboard!
Jupiter
11/17/22 3:09:37 PM
#11:


I don't understand why this shit isn't illegal.

---
Twitch: https://www.twitch.tv/kid_prodigy23
... Copied to Clipboard!
Robot2600
11/17/22 3:09:40 PM
#12:


[LFAQs-redacted-quote]


small landlords thinking they are so smart, living off crumbs and exploiting fellow humans, all the while, like you say, the banks are buying 1000x the houses of small landlords and also screwing over these small landlords with insane (imaginary) housing prices and the small landlords just say thank you harder please.

doesnt matter that their kids, grandkids, and millions of ppl cant afford a house. they own a small business! they made it!

---
---
... Copied to Clipboard!
Klaus343
11/17/22 3:12:58 PM
#13:


by 2030 youll own nothing and be happy

---
Pentium 1 @ 133mhz, AT Motherboard, 48 edo RAM, ATI Mach 64 GX 2mb PCI Graphics card, Seagate 402mb HDD, 20x CD Rom, Dataflex ISA Modem (28.8Kps), Windows 95 C
... Copied to Clipboard!
CARRRNE_ASADA
11/17/22 3:14:38 PM
#14:


And this is probably just the beginning. Houses have barely crashed around 10% and its expected they'll dip some more.

---
SEXY SEXY!
... Copied to Clipboard!
Alteres
11/17/22 3:16:45 PM
#15:


Glad I live in Atlanta

---
........the ghost in the machine...
IGN: Fox, FC: 5344-2646-0982
... Copied to Clipboard!
The_shibe
11/17/22 3:17:40 PM
#16:


Robot2600 posted...
small landlords thinking they are so smart, living off crumbs and exploiting fellow humans, all the while, like you say, the banks are buying 1000x the houses of small landlords and also screwing over these small landlords with insane (imaginary) housing prices and the small landlords just say thank you harder please.

doesnt matter that their kids, grandkids, and millions of ppl cant afford a house. they own a small business! they made it!

wait you're shitting on the SMALL landlords for this one? lmao

---
So post. Much gamefaqs. Wow.
... Copied to Clipboard!
pauIie
11/17/22 3:18:32 PM
#17:


yeah this should be fucking illegal

---
http://i.imgur.com/O5APL.jpg
http://www.last.fm/user/jaeganja
... Copied to Clipboard!
David1988
11/17/22 3:19:00 PM
#18:


Wall St private equity firms and hedge funds have been on the prowl for real estate lately, I guess it provides them with a permanent cash flow.

https://www.nytimes.com/2020/03/04/magazine/wall-street-landlords.html


---
"Let's be honest...I'm everybody's type. I just gotta highlight the parts that appeal to her the most" - No_U_L7
... Copied to Clipboard!
Eramir
11/17/22 3:28:45 PM
#19:


The fucked up part is banks didn't even earn the money they're allowed to lend out more than 100% of cash assets they hold... so the game is rigged so can profit easily.

---
https://i.imgur.com/71J7IXn.png
... Copied to Clipboard!
CARRRNE_ASADA
11/17/22 3:31:33 PM
#20:


Eramir posted...
The fucked up part is banks didn't even earn the money they're allowed to lend out more than 100% of cash assets they hold... so the game is rigged so can profit easily.


Literally playing with the house money and when it gets too go crying over to the government saying how your big too fail.

---
SEXY SEXY!
... Copied to Clipboard!
hitokoriX
11/17/22 6:13:17 PM
#21:


Businesses units should have a hard cap on what types of properties they can own, and how many they can own.

---
Would you follow a blind man?
I would if I was in the dark
... Copied to Clipboard!
Halo478
11/17/22 6:15:27 PM
#22:


Hedge funds have been buying up property for a while now also mobile home parks its fucking sad the rich keep fucking over reg americans and we do nothing about it

---
https://www.youtube.com/watch?v=KUOhpQDDME4 https://www.youtube.com/watch?v=vSF0jiKodDU https://www.youtube.com/watch?v=brqZha8_PDk
... Copied to Clipboard!
Cash_Smash
11/17/22 6:21:11 PM
#23:


I just bought a house, got it 10% under asking, it was super easy. Every house I looked at had been on the market for at least 30 days, and I was the only bidder. Huge change from just 7 months ago
... Copied to Clipboard!
ScazarMeltex
11/17/22 6:27:52 PM
#24:


Woohoo, recreating feudalism. Good job capitists.

---
Furthermore, The GOP is a Fascist Organization and must be destroyed
... Copied to Clipboard!
Lonestar2000
11/17/22 6:29:33 PM
#25:


Jupiter posted...
I don't understand why this shit isn't illegal.
Capitalism

---
Rumble Roses. Someone enters the room. Them: O_O Me: What?! I always play games without my pants on!- Inmate 922335
#ImpeachToadDickTrump
... Copied to Clipboard!
Lonestar2000
11/17/22 6:30:42 PM
#26:


The_shibe posted...
wait you're shitting on the SMALL landlords for this one? lmao
All landlords are scum, they are profiting off of people's need for housing.

---
Rumble Roses. Someone enters the room. Them: O_O Me: What?! I always play games without my pants on!- Inmate 922335
#ImpeachToadDickTrump
... Copied to Clipboard!
Eat_More_Beef
11/17/22 6:47:21 PM
#27:


I'd like to say that the person that came up with this idea, and everyone that backed it should [redacted], but that would probably get me modded.

Fuck these fucking scum for making money off desperate people. I really hope the worst thing in the world happens to each and every one of them.

---
I wrote a horror novel, called "Spare Parts." A whole damn novel! You can check it out, and other free short stories at http://www.aarondeck.com
... Copied to Clipboard!
Questionmarktarius
11/17/22 6:48:40 PM
#28:


At the very least, property taxes will be go down.
... Copied to Clipboard!
CARRRNE_ASADA
11/17/22 6:50:44 PM
#29:


Lonestar2000 posted...
All landlords are scum, they are profiting off of people's need for housing.


Renting is still needed (even if its at a small scale) due to short term living. Who gets to supply these?

---
SEXY SEXY!
... Copied to Clipboard!
1337toothbrush
11/17/22 6:53:56 PM
#30:


ScazarMeltex posted...
Woohoo, recreating feudalism. Good job capitists.
Well yeah, capitalism is feudalism with more steps.

---
https://imgur.com/a/FU9H8 - https://i.imgur.com/ZkQRDsR.png - https://i.imgur.com/2x2gtgP.jpg
... Copied to Clipboard!
Payzmaykr
11/17/22 6:55:19 PM
#31:


Now they rent them for $4,000/month.

---
So long,
Thanks for all the fish!
... Copied to Clipboard!
The_shibe
11/18/22 1:46:42 PM
#32:


Lonestar2000 posted...
All landlords are scum, they are profiting off of people's need for housing.

You don't realize how bad this take is.

Imagine a topic like "20 lion pride mauls small child" and your response is "fuck house cats", and then when further elaborating you go like "all cats are scum".

You're letting multinational, billion dollar companies that make money off rentals off the hook in order to shit on small landlords, people that perhaps saved money for their entire lives in order to buy one extra property to rent so they can retire.

All this tells me is you envy small landlords (people with 1 extra property, maybe 2, 3 tops) and are willing to kneel to the JP Morgans of the world just to fuck them over. Envy is ugly

---
So post. Much gamefaqs. Wow.
... Copied to Clipboard!
Payzmaykr
11/18/22 1:48:45 PM
#33:


Jupiter posted...
I don't understand why this shit isn't illegal.
Because the lawmakers are profiting from it.

---
So long,
Thanks for all the fish!
... Copied to Clipboard!
Jagr_68
11/18/22 2:04:58 PM
#34:


Jupiter posted...
I don't understand why this shit isn't illegal.

Politicians allowed it or else lawmakers would've cracked down a long time ago.

---
New York Rangers [2004-2008] https://media.giphy.com/media/WvQHBYW0q4TuxdAg61/giphy.gif
https://psnprofiles.com/Jaromiroquai68
... Copied to Clipboard!
Questionmarktarius
11/18/22 2:21:34 PM
#35:


Jupiter posted...
I don't understand why this shit isn't illegal.
In the end, what's the functional difference between owning an apartment building, and an entire subdivision?
... Copied to Clipboard!
Lonestar2000
11/18/22 8:13:41 PM
#36:


The_shibe posted...
You don't realize how bad this take is.

Imagine a topic like "20 lion pride mauls small child" and your response is "fuck house cats", and then when further elaborating you go like "all cats are scum".

You're letting multinational, billion dollar companies that make money off rentals off the hook in order to shit on small landlords, people that perhaps saved money for their entire lives in order to buy one extra property to rent so they can retire.

All this tells me is you envy small landlords (people with 1 extra property, maybe 2, 3 tops) and are willing to kneel to the JP Morgans of the world just to fuck them over. Envy is ugly
No, they are both scumbags.

---
Rumble Roses. Someone enters the room. Them: O_O Me: What?! I always play games without my pants on!- Inmate 922335
#ImpeachToadDickTrump
... Copied to Clipboard!
Zeeak4444
11/18/22 8:15:56 PM
#37:


Cash_Smash posted...
I just bought a house, got it 10% under asking, it was super easy. Every house I looked at had been on the market for at least 30 days, and I was the only bidder. Huge change from just 7 months ago

and what was your interest rate

---
Typical gameFAQers are "Complainers that always complain about those who complain about real legitimate complaints."-Joker_X
... Copied to Clipboard!
DarthAragorn
11/18/22 8:16:59 PM
#38:


Zeeak4444 posted...
and what was your interest rate
And also what was the asking price

---
MSI MEG X570 Unify | Ryzen 7 5800X | 32GB DDR4-3600 | RTX 3080
Samsung Odyssey G7 32" - 1440p, 240hz, GSync
... Copied to Clipboard!
Cash_Smash
11/19/22 11:22:22 AM
#39:


Zeeak4444 posted...
and what was your interest rate

6.25%, not great, should be able to refi in a few years though
... Copied to Clipboard!
Jiek_Fafn
11/19/22 11:38:49 AM
#40:


CARRRNE_ASADA posted...
And this is probably just the beginning. Houses have barely crashed around 10% and its expected they'll dip some more.
No they haven't crashed at all. Wtf are you talking about
https://gamefaqs.gamespot.com/a/user_image/1/4/1/AAQnM_AAD5i9.jpg

---
I don't believe in belts. There should be no ranking system for toughness.
... Copied to Clipboard!
Letron_James
11/19/22 11:40:44 AM
#41:


Questionmarktarius posted...
In the end, what's the functional difference between owning an apartment building, and an entire subdivision?

Uhh there's a massive difference lol. If you own a whole subdivision you affect real estate taxes depending on how big of an area you're in, you can set the market for whatever you want as well. Apartments don't set prices, if you plop a 2000 1 bedroom apartment building next to one that's 1600, it's not going to raise the other one 400 dollars in rent to try and match

---
Ask me if I would eat da booty.
... Copied to Clipboard!
thx1138
11/19/22 11:40:49 AM
#42:


Robot2600 posted...
should definitely be illegal.

we dont let people scalp concert tickets. why do we let banks scalp houses.



---
There ain't nothing to it but to do it
... Copied to Clipboard!
Questionmarktarius
11/19/22 1:28:07 PM
#43:


Letron_James posted...
if you plop a 2000 1 bedroom apartment building next to one that's 1600, it's not going to raise the other one 400 dollars in rent to try and match
keep telling yourself that.
... Copied to Clipboard!
The_shibe
11/19/22 1:32:15 PM
#44:


Lonestar2000 posted...
No, they are both scumbags.

u jelly

---
So post. Much gamefaqs. Wow.
... Copied to Clipboard!
TaylorHeinicke
11/21/22 3:12:35 PM
#45:


Letron_James posted...
Apartments don't set prices, if you plop a 2000 1 bedroom apartment building next to one that's 1600, it's not going to raise the other one 400 dollars in rent to try and match
when's the last time you rented an apartment

come lease renewal, the apartment is going to say "we're excited to renew your lease - after market research (key phrase there), we're delighted to offer you a new rent of 2000."

---
St. Louis Battlehawks (1-1)
... Copied to Clipboard!
FaultyCircuitry
11/21/22 3:14:07 PM
#46:


What needs to happen will definitely get me TOSd so fuck them and anyone that supports this happening

---
And I'd never do it but it's not a joke; I can't tell the difference when I'm all alone // https://www.last.fm/user/crushedaria
~[she/her|they/them]~
... Copied to Clipboard!
Topic List
Page List: 1