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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 5:22 pm to LSUAngelHere1
Posted on 6/10/21 at 5:22 pm to LSUAngelHere1
I am in the process of selling my home to Open Door as we speak. I had my final inspection today. We have an initial offer and will get a final offer within a week.
They are offering a frick ton more than I ever thought I would get for my house. Could have a check in as little as 13 days.
They are offering a frick ton more than I ever thought I would get for my house. Could have a check in as little as 13 days.
1
Posted on 6/10/21 at 5:23 pm to LSUAngelHere1
I'm talking about from Blackrock's standpoint. They can virtue signal and collect fees with trendy marketing.
Posted on 6/10/21 at 5:28 pm to wutangfinancial
I was responding to this....
It is extremely nefarious to anyone who has been paying attn and understands the illegal methods they use to generate profits. As I said last night, don’t think for one second that China doesn’t have their fingers all over this.
quote:
there is nothing nefarious about what Blackrock or the 100s of other similar investors are doing if you've ever rented a single family home,
It is extremely nefarious to anyone who has been paying attn and understands the illegal methods they use to generate profits. As I said last night, don’t think for one second that China doesn’t have their fingers all over this.
Posted on 6/10/21 at 5:29 pm to LSUAngelHere1
quote:
It is not the same as just investing as you claimed. They are not investing money like you and I would be. They are using darkpools to trade and short millions of synthetic shares to profit by manipulating the market
You told me I have no idea what I'm talking. Wow...this is some black helicopter shite
You have no idea the AML procedures in place to protect against this stuff...I'm assuming your talking about CDS with your referral to synthetic - that is a way to trade risk without owning the asset
Blackrock manages more pension and public funds than anyone and it isn't close
Yes we all create crazy derivatives, but people are after returns
Look at it like this. If you can pool a stream of cashflows..it will be structured, tranches. And sold...car, credit card, 4 wheeler loans, small biz loans. Payments on solar panels, bridge tolls
..it is all structured and sold
Posted on 6/10/21 at 5:29 pm to PrimeTime Money
quote:
I’m currently looking to move to another part of Houston, and so many houses are already under contract immediately after being put on the market.
I wonder how much of that is related to these assholes like Blackrock.
It’s bunkers, I know house flipper that is doing stuff in oak foster and timbergrove
I bought 12 months ago and houses pretty comparable, albeit nicer, are going for 200k more than what we paid.
We need to do a few things to our garage and maybe add some bath/closet space but nothing is that outdated.
Posted on 6/10/21 at 5:32 pm to Paul Allen
quote:They've been doing this since 2009. This thread is stupid. Imagine - investors wanting to invest in real estate!
What’s weird is in the history of real estate and investment firms, why all of this purchasing of real estate now? Where was this 10-15 years ago? It’s not like real estate and investing in real estate is a new and pandemic related phenomenon.
BTW, who do you imagine supplies the trillions they invest? It's literally hundreds of pensions funds from around the country/world. Millions of middle class people are providing the money to do this.
Again - this thread is dumb.
Posted on 6/10/21 at 5:35 pm to hubreb
quote:
You told me I have no idea what I'm talking. Wow...this is some black helicopter shite You have no idea the AML procedures in place to protect against this stuff...I'm assuming your talking about CDS with your referral to synthetic - that is a way to trade risk without owning the asset Blackrock manages more pension and public funds than anyone and it isn't close Yes we all create crazy derivatives, but people are after returns Look at it like this. If you can pool a stream of cashflows..it will be structured, tranches. And sold...car, credit card, 4 wheeler loans, small biz loans. Payments on solar panels, bridge tolls ..it is all structured and sold
Are you being obtuse or are you really unaware of hedge funds naked shorting with synthetic shares by marking them as long? You may be book smart about your profession but you don’t seem to be very aware of what is actually taking place in he shadows.
And their procedures absolutely do not prevent this. Unreal how you can actually be so naive and unaware of reality.
This post was edited on 6/10/21 at 5:37 pm
Posted on 6/10/21 at 5:44 pm to LSUAngelHere1
quote:
Are you being obtuse or are you really unaware of hedge funds naked shorting with synthetic shares by marking them as long? You may be book smart about your profession but you don’t seem to be very aware of what is actually taking place in he shadows.
And their procedures absolutely do not prevent this. Unreal how you can actually be so naive and unaware of reality.
First off, this real estate purchase strategy would fall into fixed income...there is not a synthetic trade in "shares" for fixed..there are credit default swaps which you can go long or short
Your depiction of hedgies shorting stocks naked is not new...hedge funds books are not open except to the guys providing them credit, that is not Blackrock- that would be the dealers
Blackrock executes trades for the Fed, that is all...the Fed provides the public a schedule for their asset purchases, Blackrock is responsible for getting best execution
Posted on 6/10/21 at 5:50 pm to hubreb
Blackrock makes billions using illegal trades in darkpools. I’m very aware of who reports what but they report what the hedges give them to report. Hence the reason some get charged for marking short shares as longs, of course only as a token to temporarily appease retail investors.
Keep telling yourself and trying to convince others that there are measures to prevent this illegal scheme.... The facts say otherwise.
Former SEC enforcement lawyer explains:
Yes, naked shorting happens, illegally, & has been for a long time.
More common in small/mid caps.
Cases are difficult and tedious to bring together, so there hasn't been much enforcement.
Popular attention on the issue could bring changes.
LINK
Keep telling yourself and trying to convince others that there are measures to prevent this illegal scheme.... The facts say otherwise.
Former SEC enforcement lawyer explains:
Yes, naked shorting happens, illegally, & has been for a long time.
More common in small/mid caps.
Cases are difficult and tedious to bring together, so there hasn't been much enforcement.
Popular attention on the issue could bring changes.
LINK
This post was edited on 6/10/21 at 5:51 pm
Posted on 6/10/21 at 5:57 pm to LSUAngelHere1
What does hedge fund activity have to do with Reits buying homes?
Posted on 6/10/21 at 6:05 pm to LSUAngelHere1
quote:
Are you being obtuse or are you really unaware of hedge funds naked shorting with synthetic shares by marking them as long?
Are you talking about married calls?
I am not knighting for Blackrock but I ask before where is the evidence of their naked shorting? You keep saying it as if it is fact. As I said I wouldn't doubt it is rampant though more buried than pre-2009 but you are going to have to show your work or add a modifier to your statements.
Posted on 6/10/21 at 6:07 pm to When in Rome
quote:
she’s getting ratio’d to hell over it, and rightfully so.
What does this mean? Getting ‘ratio’d’.
I’ve seen it posted before but have no idea the meaning.
Posted on 6/10/21 at 6:08 pm to supadave3
quote:
What does this mean? Getting ‘ratio’d’.
Up to downvote ratio, ie OweO gets ratioed on every thread he starts.
Posted on 6/10/21 at 6:09 pm to Obtuse1
No I’m not referring to options. I’m referring to them naked shorting in dark pools and labeling them as long. The short interest is often much higher than what is reported.
Posted on 6/10/21 at 6:12 pm to Big Scrub TX
quote:
BTW, who do you imagine supplies the trillions they invest? It's literally hundreds of pensions funds from around the country/world. Millions of middle class people are providing the money to do this.
It irritates me that I have to agree with you.
And it's highly amusing to watch people high five each other about their amazing 401k, 403b, IRA, and pension returns while simultaneously bitching about the practices of the corporations that are providing their returns.
Most americans: I DEMAND AMAZING 401K PROFITS!!!
Same americans: Y U DO THIS CORPORATE AMERICA!!!
Posted on 6/10/21 at 6:13 pm to USMEagles
Fair enough. It might be valid to question the use of electricity to mine Bitcoins, but I would suggest that her rush to suggest a centralized digital currency to replace bitcoin betrays her agenda and might reveal that she is more concerned with power consolidation than with energy conservation.
Posted on 6/10/21 at 6:13 pm to Obtuse1
quote:
Up to downvote ratio, ie OweO gets ratioed on every thread he starts.
Perfect example. I understand exactly what you mean now. Thanks!
Posted on 6/10/21 at 6:13 pm to WavinWilly
This will drive home prices up. I wish they would come to BR and offer me 20 to 50 percent more for my home so I can leave the state.
Posted on 6/10/21 at 6:15 pm to supadave3
quote:On Twitter, when a tweet has a high comment to like ratio, it’s almost always because the tweet is bad and the author of the tweet should feel bad. In the case of the tweet I linked, the ratio was at 14.9k comments vs. 5,649 likes (a very bad ratio). Typically if the comment to like ratio is even or above 1, the tweet is pretty unpopular.
What does this mean? Getting ‘ratio’d’.
I’ve seen it posted before but have no idea the meaning.
ETA: yeah it’s similar to an upvote/downvote ratio here, only Twitter doesn’t have downvoting. Typically when people engage with comments, it falls on the negative side
This post was edited on 6/10/21 at 6:21 pm
Posted on 6/10/21 at 6:17 pm to Big Scrub TX
quote:
They've been doing this since 2009. This thread is stupid. Imagine - investors wanting to invest in real estate!
BTW, who do you imagine supplies the trillions they invest? It's literally hundreds of pensions funds from around the country/world. Millions of middle class people are providing the money to do this.
Again - this thread is dumb.
My husband does Mortgage Collections/loss mitigation for a loan servicing company. All of his "owners" of the loans are investors. He's not collecting for banks any longer, it's companies like this.
He's been working at this company for 3 years, so this is not new.
This post was edited on 6/10/21 at 6:18 pm
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