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

return2ozma@lemmy.world to News@lemmy.world – 919 points –
Jeff Bezos-Backed Real Estate Company Is Launching A New Fund To Acquire More Single-Family Homes Across The U.S.
finance.yahoo.com
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He wants quarters for his wage slaves, duh.

Waiting for Amazon to pay their employees in “digiscrip” that they can only use at Amazon-owned businesses.

Pay your rent on your AmazonHousing account.

Buy groceries from AmazonFresh.

Health insurance from AmazonHealth.

Welcome back to the coal mining towns of yore.

You load sixteen tons, what do you get?

Another day older and deeper in debt

Saint Peter don't you call me 'cause I can't go

I owe my soul to the company store

Best case scenario I see, housing market gets worse and more unattainable. Wage slave quarters and company towns could easily be part of that though.

Amazon introduces Amazon Residence! For just $999.99 per month (for the first 12 months), enjoy unlimited access to a fully furnished 500 square foot room in a city of your choice. No property fees! No hidden fees! Utilities not included. Options limited. First come, first serve.

The issue is that corporations have 80-90%+ of the money.

Expensive housing is a benefit for them, it's not a drawback. It's only a drawback for people that want to be free and actually own their own place.