I just put two things together. Supposedly BlackRock is buying up the nation’s housing supply. Yesterday, and not for the first time, I got a letter from OpenDoor (one of the online realtor substitutes, along with Redfin) offering to buy my house for cash.
I just checked on the relationship between BlackRock and OpenDoor. Ka-ching! BlackRock, together with the Ontario Pension Plan (surely a Canadian derp organization) accounted for 40% of a $1B investment in OpenDoor last September.
By being in bed with OpenDoor, BlackRock may get first dibs on houses that people list with OpenDoor.
Bkmk.