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re: Blackrock is buying every single-family house they can & paying 20-50% above asking price
Posted on 6/10/21 at 7:23 am to Penrod
Posted on 6/10/21 at 7:23 am to Penrod
quote:
that will force the government to give them free housing in subdivisions.
They are not causing the trend; they are capitalizing on it.
You do realize that there are already whole developments built with tax credit AKA free Government money? Every state gets tax credits every year to allocate towards housing. There is a development in Lake Charles that not only got enough tax credits to build 100+ homes but also got "Road Home" money after Rita to buy the site and build the development out.
LINK
A company like Blackrock knows these programs exist and if that was their endgame they could very easily be doing that already. They aren't paying above-market in anticipation of an event that may or may not happen like the Government all of a sudden subsidizing more than they already do.
This post was edited on 6/10/21 at 8:09 am
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