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re: Blackrock is buying every single-family house they can & paying 20-50% above asking price

Posted on 6/9/21 at 8:44 pm to
Posted by WavinWilly
Wavin Away in Sharlo
Member since Oct 2010
8788 posts
Posted on 6/9/21 at 8:44 pm to
I live in the Houston area and a neighborhood near me sold a huge chunk to Blackrock (I think).

This seems like a bad trend.
Posted by Paul Allen
Montauk, NY
Member since Nov 2007
76076 posts
Posted on 6/9/21 at 8:48 pm to
What’s weird is in the history of real estate and investment firms, why all of this purchasing of real estate now? Where was this 10-15 years ago? It’s not like real estate and investing in real estate is a new and pandemic related phenomenon.
Posted by upgrayedd
Lifting at Tobin's house
Member since Mar 2013
135701 posts
Posted on 6/9/21 at 8:54 pm to
quote:

This seems like a bad trend.

The Obama administration was trying toward the end of their tenure to inject as much section 8 rentals into middle to upper class neighborhoods as possible. This is probably their way to get it done.
Posted by zatetic
Member since Nov 2015
5677 posts
Posted on 6/10/21 at 4:13 pm to
quote:

This seems like a bad trend.


No man, this is just good capitalism. What are you, some kind of fascist?
Posted by latxwoman
Member since Mar 2019
765 posts
Posted on 6/10/21 at 6:13 pm to
This will drive home prices up. I wish they would come to BR and offer me 20 to 50 percent more for my home so I can leave the state.
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