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re: BlackRock suffered $1.6 trillion in losses in 6 months

Posted on 7/22/22 at 7:53 pm to
Posted by deeprig9
Unincorporated Ozora, Georgia
Member since Sep 2012
64517 posts
Posted on 7/22/22 at 7:53 pm to
quote:

Do y'all ever run out of conspiracy theories?


I'm not big on conspiracy theories but I did find it odd over the last two years Blackrock was buying hundreds of billions of dollars worth of real estate when every single market indicator said it was in a bubble and about to go down. That's not something an intelligent hedge fund does. Either blackrock is not led by intelligent people or they know something we don't know. They bought so much real estate that they, themselves, helped prop up and escalate prices nationwide. Blackrock assets controlled makes them like the 10th largest economy in the world, or something like that.
Posted by Salviati
Member since Apr 2006
5636 posts
Posted on 7/22/22 at 7:59 pm to
quote:

I'm not big on conspiracy theories but I did find it odd over the last two years Blackrock was buying hundreds of billions of dollars worth of real estate when every single market indicator said it was in a bubble and about to go down. That's not something an intelligent hedge fund does. Either blackrock is not led by intelligent people or they know something we don't know. They bought so much real estate that they, themselves, helped prop up and escalate prices nationwide. Blackrock assets controlled makes them like the 10th largest economy in the world, or something like that.
Y'all are ignoring Big Scrub TX, and he's trying to point out to you that no one has answered Question #1 in the affirmative:
quote:

1. Did Blackrock lose significantly more money as a percentage of assets than other institutional investors?
According to Big Scrub TX, Blackrock did not. And y'all have offered NOTHING to suggest that they did.
Posted by 632627
LA
Member since Dec 2011
12865 posts
Posted on 7/22/22 at 10:07 pm to
quote:

I'm not big on conspiracy theories but I did find it odd over the last two years Blackrock was buying hundreds of billions of dollars worth of real estate when every single market indicator said it was in a bubble and about to go down.


Interesting because the stock market is down 20% whereas real estate is still sky high.

Looks like blackrock knew what they were doing.
Posted by Big Scrub TX
Member since Dec 2013
33733 posts
Posted on 7/23/22 at 11:18 am to
quote:



I'm not big on conspiracy theories but I did find it odd over the last two years Blackrock was buying hundreds of billions of dollars worth of real estate when every single market indicator said it was in a bubble and about to go down. That's not something an intelligent hedge fund does. Either blackrock is not led by intelligent people or they know something we don't know. They bought so much real estate that they, themselves, helped prop up and escalate prices nationwide. Blackrock assets controlled makes them like the 10th largest economy in the world, or something like that.
What's your evidence that those investments have been bad? Housing is literally at an alltime high right now.

LINK

Also, they probably care at least as much about building the rental platform as they do about perfectly timing every purchase. If they can get a 4-6% rental yield in aggregate across hundreds of thousands/millions of homes, then that will have enterprise value in and of itself.
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