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Started By
Message
re: Blackrock will own 70% of Homes in 6 years. We will own nothing.
Posted on 10/22/23 at 7:50 am to RiverCityTider
Posted on 10/22/23 at 7:50 am to RiverCityTider
I was told when I said this a few years ago on here I was a conspiracy nut
2
Posted on 10/22/23 at 7:52 am to RiverCityTider
quote:
Blackrock will own 70% of Homes in 6 years
Blackrock doesn't buy SFHs
Posted on 10/22/23 at 7:54 am to theunknownknight
Well you are a one if you actually believe this
Posted on 10/22/23 at 7:54 am to Cuz413
quote:
Truth is, secession/ balkanization/ or maybe nullification is what will change things. People will coalesce to the states or areas that best represent what level of government they desire.
This opportunity goes out the window when those in DC and in states who desire something different look at you and your state, and force you to accept their way. Want to live in a state without being forced to support half a million smiling refugees? To bad, you don’t get to choose, learn to speak Somalian.
Posted on 10/22/23 at 7:55 am to stout
quote:So are you saying RiverCity keeps his batting a thousand streak alive by being wrong once again?
Blackrock doesn't buy SFHs
Posted on 10/22/23 at 7:59 am to Lou Pai
The toddler has entered the room
Posted on 10/22/23 at 8:03 am to Diamondawg
quote:
So are you saying RiverCity keeps his batting a thousand streak alive by being wrong once again?
People who spout this sort of nonsense in the OP usually don't understand what BR actually is and how it actually functions but since BR is so large and pushes ESG through their influence they are the boogeyman for everything.
BR actually does invest in new developments of SFHs for rent but they are not out there buying up existing inventory much less are they paying over asking price for that existing inventory
quote:
We want to make perfectly clear: BlackRock is not buying individual houses in the U.S.
A number of other large asset managers and private equity firms are very active today in purchasing single-family residences. BlackRock is sometimes confused with them.
As a fiduciary asset manager, we invest and manage capital on behalf of our clients in a vast array of public and private U.S. real estate markets – but buying individual homes is not one of them.
quote:
BlackRock is invested in several programs that are providing financing to build new homes and add to U.S. housing supply.
Most recently, we began investing in new construction, purpose-built for-rent housing developments that add supply to the market and address the increasing demand we see for this property type. Our focus is on building single-family rental housing that can be managed and operated similarly to multifamily properties with dedicated property management, leasing and amenities.
LINK
I think BR needs to be broken up to reduce their power and influence but that's another thread.
I also am not taking up for BR but I'd like for the facts the be out there so that if we do want to fight the housing shortage we know where the anger should be focused.
This post was edited on 10/22/23 at 8:07 am
Posted on 10/22/23 at 8:14 am to NC_Tigah
Who owns the bulk of the SPY? Blackrock.
What has happened to Blackrock's capital management during each economic downturn? It's exploded in growth.
Charts like this give you no indication of Blackrock's influence and how they keep increasing power and influence.
A $1000 investment made in August 2011 would be worth $5,820.59, or a gain of 482.06%, as of August 24, 2021, according to our calculations. This return excludes dividends but includes price appreciation.
The S&P 500 rose 285.39% and the price of gold increased -1.70% over the same time frame in comparison.
15yr return is 530% roughly for BLK and 470% for SPY
this disparity arises due to BLK's growth during bad economies. It's volatile and always manages to make big jumps in bad times like around 2008 and during covid.
If you invested $1000 in SPY on Jan 1, 2008, it would be worth $3884 today. With BLK it's $4200, which is 8% better.
The influence comes more from how much they control. While the growth in price from Jan 1, 2008 (before the downturn) for SPY is about 300%, the growth in capital management for Blackrock is over 700%. You could never invest in SPY and gain enough money to offset what BLK is doing in terms of controlling assets. The steep increase in asset control has coincided with economic downturns.
They beat the SPY long term, they are turned to for analysis by the Fed during times like the 2008 crash, they pile on more and more assets, bring in more and more managers and former banking / govt officials and so forth, to help them rig the system for their own benefit.
One snapshot, short term graph is not going to tell you anything about Blackrock.
What has happened to Blackrock's capital management during each economic downturn? It's exploded in growth.
Charts like this give you no indication of Blackrock's influence and how they keep increasing power and influence.
A $1000 investment made in August 2011 would be worth $5,820.59, or a gain of 482.06%, as of August 24, 2021, according to our calculations. This return excludes dividends but includes price appreciation.
The S&P 500 rose 285.39% and the price of gold increased -1.70% over the same time frame in comparison.
15yr return is 530% roughly for BLK and 470% for SPY
this disparity arises due to BLK's growth during bad economies. It's volatile and always manages to make big jumps in bad times like around 2008 and during covid.
If you invested $1000 in SPY on Jan 1, 2008, it would be worth $3884 today. With BLK it's $4200, which is 8% better.
The influence comes more from how much they control. While the growth in price from Jan 1, 2008 (before the downturn) for SPY is about 300%, the growth in capital management for Blackrock is over 700%. You could never invest in SPY and gain enough money to offset what BLK is doing in terms of controlling assets. The steep increase in asset control has coincided with economic downturns.
They beat the SPY long term, they are turned to for analysis by the Fed during times like the 2008 crash, they pile on more and more assets, bring in more and more managers and former banking / govt officials and so forth, to help them rig the system for their own benefit.
One snapshot, short term graph is not going to tell you anything about Blackrock.
Posted on 10/22/23 at 8:15 am to RiverCityTider
The gullibility of people today is astonishing.
Posted on 10/22/23 at 8:15 am to RiverCityTider
This PT thread has everything: black rock, bill gates, housing, farmland, China, WEF and all the local crazies. You won’t be disappointed.
Posted on 10/22/23 at 8:17 am to RiverCityTider
quote:
They are driving food prices up. They are driving milk, cheese, beef, chicken vegetables up.
Everything discussed in the OP is but a symptom of a larger issue.
Blackrock would not exist without dispensation from the Fed.
Posted on 10/22/23 at 8:20 am to AuburnCPA
He is expressing what is happening around us . You definitely are a arse though
Posted on 10/22/23 at 8:20 am to cwill
quote:
This PT thread has everything: black rock, bill gates, housing, farmland, China, WEF and all the local crazies.
You left out something…
Posted on 10/22/23 at 8:22 am to lazlodawg
Ownership is more than actually owning the property. The loans count as well as actual purchases of property. Here is a hint though, that money they are using is actually money people give to them freely
Posted on 10/22/23 at 8:34 am to BigJim
quote:
What is the end goal?
Reality is we will always need homes and there is finite space in the major metro areas to build. So if you buy every house in a city - a lofty goal I realize - people will still want to live there, but they simply have to rent. if you own all the houses, they rent from you in perpetuity. Do that in several cities and you have infinite revenue flow. It's not evil or nefarious, it's simply a business plan.
If you want to lean a little more to the conspiracy side, they want to have complete control over you so by owning the house they can do things like control the thermostat, control what appliances can be put in, and throw you out on the street if they you express unpopular views or don't take a government mandated medicine.
Posted on 10/22/23 at 8:46 am to RiverCityTider
BlackRock and the well connected elites understand the USD is toast....it's all about hard assets and it has been since the financial meltdown of 2008/2009. When the Federal Reserve and government went full retard with ZIRP and QE monetary policy the Big Money types began buying tangible assets. As a matter of fact, it's been reported that institutional banks have bought more gold in the past three years than the previous 50 years.
Posted on 10/22/23 at 8:53 am to POTUS2024
quote:
Who owns the bulk of the SPY?
SPY is a State Street ETF tracking the S&P. I used the chart as a market proxy. There is no Blackrock affiliation to SPY.
If your question is what % of the S&P do Blackrock ETF holders own in aggregate, its roughly the same as AAPL, MSFT, and AMZN or around 16-17%.
quote:Now do Bitcoin.
If you invested $1000 in SPY on Jan 1, 2008, it would be worth $3884 today. With BLK it's $4200, which is 8% better.
None of that was your permise though. You said, "While the current economy sucks they continue to prosper." The chart I posted, showed their performance vs the S&P over the past year.
Posted on 10/22/23 at 8:55 am to RiverCityTider
quote:
Blackrock will own 70% of Homes in 6 years. We will own nothin
quote:You do realize there's no way Blackrock can afford this plus they would immediately go belly up if your numbers are correct, right?
The effect of this is that Homes are too expensive and over 70% of Americans cannot budget for one
Blackrock appears to have around $8 trillion in assets.
If they owned 70% of houses, that would cost roughly $30-40 trillion. So first, how are they able to afford that?
2nd, let's say they do. Great, they now have $40 trillion dollars worth of houses that you admitted most Americans can't afford to buy... how exactly does this benefit Blackrock to just be sitting on $40 trillion of houses they can't afford nor sell?
Posted on 10/22/23 at 8:58 am to RiverCityTider
Dont worry about your home too much, but that 401k will disappear in a decade or so.
Posted on 10/22/23 at 8:58 am to POTUS2024
quote:Let's pretend this is true... It's not.
That's a 50% growth in about 3 years. Seems feasible for them to get that much housing in their portfolios pretty soon.
They now own 70% of houses in the US that most Americans can't afford. So they're profiting on this $40 trillion investment and staying afloat how exactly?
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