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re: Blackrock will own 70% of Homes in 6 years. We will own nothing.
Posted on 10/22/23 at 4:35 am to NC_Tigah
Posted on 10/22/23 at 4:35 am to NC_Tigah
They are taking our pension funds and 401ks and buying up entire neighborhoods, spiking the prices and converting them into rentals. Net effect. A housing bubble that makes homes out of reach for 70% of the public.
Homes for sale drop
Rental Homes Increase
Home prices go up. Rents go up. Home ownership becomes less affordable. Rent becomes less affordable.
It's not that complicated. It's obviously nefarious.
It's destructive to society.
Homes for sale drop
Rental Homes Increase
Home prices go up. Rents go up. Home ownership becomes less affordable. Rent becomes less affordable.
It's not that complicated. It's obviously nefarious.
It's destructive to society.
2
Posted on 10/22/23 at 4:47 am to RiverCityTider
quote:Who are you referring to?
They are taking our pension funds and 401ks and buying up entire neighborhoods
Posted on 10/22/23 at 4:58 am to RiverCityTider
quote:
Haight says 40% of farmland is no longer owned by farmers and is instead owned by nonlocal investors like Gates. And residential real estate is increasingly owned by financial firms like asset manager Blackrock and investment firm Blackstone, which look at land as a direct investment.
The USDA tracks ownership, meaning agricultural land can serve as a canary in the coal mine for changes in use for land across America — because it’s not just agricultural land that is changing hands. According to a Wall Street Journal report, corporate investors bought 15% of U.S. homes for sale in the first quarter of 2021. That consolidation and outside interest is happening across sectors.
They are driving food prices up. They are driving milk, cheese, beef, chicken vegetables up.
They are
quote:
By owning farmland, these investors can control the production of crops and ensure that they are getting the best return on their investment. Farmland offers them opportunities for long-term capital appreciation and cash flow. It can provide tax breaks and other benefits. Above all else, billionaires will always have secure access to food despite the population inflation and overwhelming food supply demands.
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