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re: Blackrock will own 70% of Homes in 6 years. We will own nothing.
Posted on 10/22/23 at 3:57 pm to RiverCityTider
Posted on 10/22/23 at 3:57 pm to RiverCityTider
quote:
Blackrock will own 70% of Homes in 6 years. We will own nothing.
In 6 years, there will be about 150 million homes in the US.
70% x 150 million = 105 million homes
quote:
They are offering 25 to 50 percent over asking price.
Let's go with 25% on top of an average US home price of $500K = $625K per copy
105 million x $625K = $65T
Blackrock currently has $9T under management.
The suggestion that in 6 years Blackrock will own 70% of homes is ridiculous. By the way, today institutional investors own about 1 million out of 144 million = 0.7% of the market
1
Posted on 10/22/23 at 6:16 pm to David_DJS
quote:When you (the OP) have to exaggerating, especially THAT badly, to make your point, it's a tacit admission that you knows you don't have a strong argument.
Let's go with 25% on top of an average US home price of $500K = $625K per copy
105 million x $625K = $65T
Blackrock currently has $9T under management.
The suggestion that in 6 years Blackrock will own 70% of homes is ridiculous. By the way, today institutional investors own about 1 million out of 144 million = 0.7% of the market
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