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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 11:34 am to V Bainbridge
Posted on 6/10/21 at 11:34 am to V Bainbridge
quote:
Bingo. The lesson of the 2008 housing crisis has not been learned. This will continue to happen over and over until it is or the whole thing goes bust. Sad thing is that when the lesson is learned, will be when it all goes bust. We already lit the fuse. Now we are just waiting.
I'd argue that the lesson from 2008 is that the government fully believes in "too big to fail" and will protect big companies under the guise of helping the little guy.
I think that lesson was pretty well learned, actually
2
Posted on 6/10/21 at 11:44 am to LSUFanHouston
Corporate entities learned the lesson well, and have realized that there is little risk to them... The government, well they'll never learn
Posted on 6/10/21 at 11:55 am to LSUFanHouston
quote:
I'd argue that the lesson from 2008 is that the government fully believes in "too big to fail" and will protect big companies under the guise of helping the little guy.
They believe it because it's true. You don't bail them out and the whole system collapses. Blackrock is actively using that fact for leverage. It's unsustainable.
We still have one more ride through this left in us though. That is the real wager they are making.
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