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

How did we get here?

Fed government dumping waaaaay more money into the economy than what was needed.

Fed government artificially keeping interest rates low.

All of this creates a bubble. Major investors like Black Rock can buy and hold for the long term at ever increasing prices, because they are getting to borrow money even cheaper than your average mortgage.

Then, if the whole damn thing pops, the fed government will step in and bail out, because they would not want the banks foreclosing on the houses which would cause the renters to get kicked out (through no fault of their own).

The same mentality that causes us to ask our government for a $1,200 stimulus check, is what allows the government to grow ever larger and put in policies that allow things like this to happen.

Black Rock knows that if they win, they reap the benefits, and if they lose, the government will bear the loss.

If the government would have not had so many shutdowns, not thrown so much money in the economy, and allow interest rates to function at market, none of this would be happening.

Both Dems and GOP politicians are part of this.

People want the government to manipulate the economy to help the little guy, but get all mad when those policies actually end up screwing the little guy and helping the big guy.