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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 9:13 am to
Posted by GREENHEAD22
Member since Nov 2009
19674 posts
Posted on 6/10/21 at 9:13 am to
It's a win win either way for them. Section 8 is a guaranteed check.
Posted by BluegrassBelle
RIP Hefty Lefty - 1981-2019
Member since Nov 2010
99902 posts
Posted on 6/10/21 at 10:11 am to
quote:

It's a win win either way for them. Section 8 is a guaranteed check.


Yep. Sadly that’s what has happened in my parent’s neighborhood. As people have died off, they’ve been bought up and rented out.

We bought back in December and last week has one of these investment corporations reach out wanting to purchase our not for sale home. So they’re not just sticking to houses on the market.
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