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re: Trying to understand Blackrock?
Posted on 10/17/21 at 4:55 am to burger bearcat
Posted on 10/17/21 at 4:55 am to burger bearcat
Black rock, the preiminent ESG proponents are one of the largest investors in China. Try to Square that circle. China is the bottom of the heap for environmental, social, and governance leadership. Hypocrites writ large. Fink is a weasel.
0
Posted on 10/17/21 at 6:39 am to olemc999
quote:I just don't get this narrative.
They are over bidding an buying all the property to keep the middle class from buying property and accumulating wealth.
Blackrock is an investor-dependent asset manager. If BLK overbids on assets and loses money, it's investors will move to companies with better performance and Larry Fink will lose his job.
This post was edited on 10/17/21 at 6:52 am
Posted on 10/17/21 at 6:48 am to burger bearcat
I don’t see it a nefarious as others. They clearly see long term inflation, a stagnating economy and know people won’t be able to afford a home. Rents will go up and it’ll create a great return on their investment.
Posted on 10/17/21 at 7:13 am to Eurocat
quote:
Some of the current right wing paranoia is identical to 30 year old left wing paranoia.
The left is sounding the alarm about Blackrock. Jimmy Dore and Krystal Ball have done segments on it.
Posted on 10/17/21 at 8:29 am to TenWheelsForJesus
quote:
Yes, there is proof that blackrock is buying up vast amounts of homes for well over market value.
And that is all I was asking for, a link to the evidence, news article, interview, something. But with evidence not just interviews with "well what may be happening could be...blah blah", actual evidence.
Thanks in advance!
Posted on 10/17/21 at 8:39 am to burger bearcat
quote:
More than 200 companies and investment firms like BlackRock and J.P. Morgan Asset Management are canvassing the United States in search of such homes, according to John Burns Real Estate Consulting. Many of these companies are competing with families and individual investors alike for homes.
They aren't the only ones but I have to unfortunately agree with eurocat who is a top tier low intelligence poster
Posted on 10/17/21 at 8:40 am to Bestbank Tiger
Jimmy Dore WORKS at blackrock, and he's saying all this, that blackrock is doing what the OP said it is? I find that a bit hard to believe -
LINK
Krysall Ball just has one video after another that I could find, thing is all she is saying (I watched two of them most of the way through) is that there is a bubble going on. But I did not hear her say that the goal of this INVESTMENT company is to "enslave" the working class. They are trying to make cash, not engaging in some weird deep-state plot.
Comment from some poster pretty much says what I am saying - below that is the link to the video -
Housing in Canada and now US has become an investment and not something you buy to live in. So like any investment you’ll have large companies getting into it. Canada has on average been having a 15% increase in price per year. Mind you that means that some cities the price increase has been higher than 15%. So investment funds are now getting into the landlord business. Buying up properties to rent them out. With that kind of $$ towing into the housing market it’s gonna drive the prices up hard. Average home price in Toronto has tripled in 10 years.
LINK
LINK
Krysall Ball just has one video after another that I could find, thing is all she is saying (I watched two of them most of the way through) is that there is a bubble going on. But I did not hear her say that the goal of this INVESTMENT company is to "enslave" the working class. They are trying to make cash, not engaging in some weird deep-state plot.
Comment from some poster pretty much says what I am saying - below that is the link to the video -
Housing in Canada and now US has become an investment and not something you buy to live in. So like any investment you’ll have large companies getting into it. Canada has on average been having a 15% increase in price per year. Mind you that means that some cities the price increase has been higher than 15%. So investment funds are now getting into the landlord business. Buying up properties to rent them out. With that kind of $$ towing into the housing market it’s gonna drive the prices up hard. Average home price in Toronto has tripled in 10 years.
LINK
Posted on 10/17/21 at 8:42 am to SDVTiger
quote:
They aren't the only ones but I have to unfortunately agree with eurocat who is a top tier low intelligence poster
Thank you! I think.
Posted on 10/17/21 at 1:54 pm to Eurocat
quote:
Jimmy Dore WORKS at blackrock, and he's saying all this, that blackrock is doing what the OP said it is? I find that a bit hard to believe -
LINK /
There are multiple people named Jimmy Dore in the world. The guy you linked lives in New York and is younger. The one we cite on the Poliboard is in his 50s and lives in Los Angeles.
Posted on 10/17/21 at 1:59 pm to burger bearcat
They use money from pension and retirement plans to buy up single-family homes in order to make home ownership unaffordable for the middle class and transition the real estate market into government control where only the elite do not rent their housing.
Posted on 10/17/21 at 2:02 pm to burger bearcat
I mean how is it any different from those folks on bigger pockets that are doing the same? They're just doing do with scale. It's an asset with income and appreciation. If you have a shite ton of money why wouldn't you want a large chunk of the pie.
Posted on 10/17/21 at 2:11 pm to oklahogjr
How much different is a company like Blackrock from say DR Horton?
Posted on 10/17/21 at 2:13 pm to El Segundo Guy
quote:
How much different is a company like Blackrock from say DR Horton?
I'm just saying from s business perspective. Black rock is judt doing what all those folks identified as s great investment at scale. It's not s good thing for the economy. We've allowed corporations to become far too large.
Posted on 10/17/21 at 2:26 pm to El Segundo Guy
quote:
How much different is a company like Blackrock from say DR Horton
DR Horton builds homes.
Blackrock is a slumlord masquerading as an investment fund in order to bilk government employees out of taxpayer money leaving pension plans insolvent. It’s a ponzy scheme.
This post was edited on 10/17/21 at 2:28 pm
Posted on 10/17/21 at 2:29 pm to El Segundo Guy
quote:
How much different is a company like Blackrock from say DR Horton?
Great question, and there's a simple answer. In order to be kosher with local planning code & zoning, DR Horton builds the 120 single-family homes like it will then sell to American families. But once it's built, they sell the whole thing to Blackrock. Do you see the fvckery now in this equation and why the Eurocats of the world don't know their elbow from their a-hole when they white knight for these evil outfits?
Posted on 10/17/21 at 2:39 pm to Tomatocantender
I was genuinely curious because DR Horton is interested in some property that I have no intention of selling right now. They can EAD then.
Posted on 10/17/21 at 2:43 pm to Tomatocantender
Link that bullshite statement.
Posted on 10/17/21 at 2:54 pm to hawkeye007
quote:
Link that bull shite statement.
Is is bullshite or is it a statement? Come correct and I'll link it, but play that adjective game and you can GFY. Let me know which direction you want to go with this...and the link is yours. Ball's in your court.
Posted on 10/17/21 at 3:13 pm to timdonaghyswhistle
They will actually be insulated from a bubble pop if they are renting out all their properties. The value of the assets does not matter if the properties are producing revenue and any cost increases just gets passed on to the renters.
Posted on 10/17/21 at 3:35 pm to fwtex
quote:
They will actually be insulated from a bubble pop if they are renting out all their properties. The value of the assets does not matter if the properties are producing revenue and any cost increases just gets passed on to the renters.
They also won't have a mortgage to pay.
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