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re: Blackrock will own 70% of Homes in 6 years. We will own nothing.

Posted on 10/22/23 at 2:55 am to
Posted by POTUS2024
Member since Nov 2022
11643 posts
Posted on 10/22/23 at 2:55 am to
quote:

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

While the current economy sucks they continue to prosper. They are in position to take advantage of tough times for others, so yeah, extraordinary growth is going to be the norm for them. Every time there are problems in the US economy they profit massively. They already have reconstruction plans for Ukraine, and if Democrats / Uni-party types stay in charge, that's going to be another massive explosion in wealth for them.

quote:

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?

They wouldn't need to liquidate everything, just as you wouldn't need to liquidate everything in order to make purchases. They already own a ton of stuff. Fabricating such an absurd premise is a good indicator that you have no argument here.

quote:

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.

The goal is ownership for them, and no ownership for us. People sell all the time without having a new place to live. In a bad economy they do it quite frequently. You know this but you think everyone else is too stupid to see through your framing.

quote:

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.

Oh, so you think they're just buying property for no reason at all, right? Probably going to donate it all to the poor, aren't they?

quote:

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.


Using insults as a summation. This confirms you have no facts and no argument here.
Posted by NC_Tigah
Carolinas
Member since Sep 2003
124306 posts
Posted on 10/22/23 at 4:55 am to
quote:

While the current economy sucks they continue to prosper.
quote:


Posted by 632627
LA
Member since Dec 2011
12826 posts
Posted on 10/22/23 at 5:03 am to
quote:


While the current economy sucks they continue to prosper.


They are asset managers, they do better in a good economy and strong market, but they still earn their commissions when the market is down.

This thread is a waste of time.
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