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
  • @Buddahriffic@lemmy.world
    7•7 months ago

    I think there is value provided when someone buys a dilapidated house and renovates it into something worthwhile to sell, even if it takes less than 2 years.

    Or for me personally, I bought less than 2 years ago but the experience has given me a better idea of what I really want and I’d love to be able to sell to break even on this place and buy a different place that more fits my needs.

    High short term capital gains taxes would help with the 2nd case (as I don’t intend to make money from owning this place briefly) but not the first.