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

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Okay this is a total B.S. narrative. There are plenty of better asset classes to build wealth if you're lower or middle class

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The value of owing your home can't be measured in dollars and cents.

Think of it in terms of hierarchy of needs. Sure, you don't need to own your shelter, but a sense of permanence is important if a human is to be able to move to higher levels of meaning.
Keeping the masses stuck in transience is a way of making them easy to manage, like cattle.
This is about making money of course, but it's also about keeping pesky voters from having their own ideas. They see the world, including the masses of people, as being in their purview to manage.