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re: Blackrock will own 70% of Homes in 6 years. We will own nothing.
Posted on 10/22/23 at 7:35 pm to RiverCityTider
Posted on 10/22/23 at 7:35 pm to RiverCityTider
quote:I’m not saying this isn’t happening, but how can they continue this?
They are offering 25 to 50 percent over asking price.
Home builders will just continue to build homes and make 25-50% off these suckers.
Or, my home is paid off, so I sell it at an above market price and just build another one for less money.
It makes no sense.
This post was edited on 10/23/23 at 7:49 am
1
Posted on 10/22/23 at 7:45 pm to bhtigerfan
quote:
makes no sense.
What about incentivizing people that don’t have money and don’t have good credit to buy homes.
They’re just starting to collect good credit fee’s on people’s mortgages. This will eventually pop and Blackrock subsidiaries will buy in a large amount. That’s the long play that they are doing.
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