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re: Blackrock will own 70% of Homes in 6 years. We will own nothing.
Posted on 10/22/23 at 2:26 am to BigJim
Posted on 10/22/23 at 2:26 am to BigJim
quote:
Good lord some of you are gullible stooges. So the three largest investors (combined, not just blackrock alone) will maybe have enough capital in three years (because post-covid growth will be the norm ) and then they will liquidate ALL that accumulated capital (no more stocks, bonds, other assets) to buy US homes (through voluntary transactions) and then...profit? What is the end goal? To make us homeless? No one is going to sell their home unless they have purchased (or have a purchase agreement for) a new place to live. Raise the price with monopolistic power? Nope, plenty of land and plenty of lumber to build more. Plus if the price is too high, people just won't move. It's just the paranoid ravings of someone who has a little knowledge but even less sense. I know the world is complex and hard to understand and therefore scary, but for goodness sake man, use a little of the common sense the good Lord gave you.
Baw without looking at the numbers of exactly how many residences were bought by publicly traded companies that have shares owned by who knows I would guess that is almost on par with the number of Brazilians who bought houses in Florida the last five years.
We let foreigners buy houses here. The freakin chinese bought the Waldorf Astoria. Try buying a house in Italy, France, or Spain.
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