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Blackrock Is Buying Every Single Family House They Can Find, Paying 20-50% Above Asking Price And Outbidding Normal Home Buyers
Thread Reader ^ | 06/09/21

Posted on 06/09/2021 8:36:40 PM PDT by Enlightened1

Edited on 06/09/2021 9:10:41 PM PDT by Jim Robinson. [history]

Blackrock is buying every single family house they can find, paying 20-50% above asking price and outbidding normal home buyers. Why are corporations, pension funds and property investment groups buying...

https://www.wsj.com/articles/if-you-sell-a-house-these-days-the-buyer-might-be-a-pension-fund-11617544801

entire neighborhoods out from under the middle class? Lets take a look. Homes are popping up on MLS and going under contract within a few hours. Blackrock, among others, are buying up thousands of new homes and entire neighborhoods.

So who is Blackrock? Only the worlds largest asset manager and the leading proponent of The Great Reset. Theyre looking to redistribute -Get this- $120Trillion dollars. The entire wealth of the worlds middle class and poor combined several times over.
 
 

As an example, a 124 new home neighborhood was bought in its entirety in Texas. Average Americans were outbid to a tune of $32million. Homes sold at an avg if 20% above listing. Now the entire neighborhood is made up of SFR's. What are SFR's??

https://www.financialsamurai.com/institutional-real-estate-investors/

Single Family Rentals. Now, your potential lower to middle class home owner is positioned to be a permanent renter. This matters because for the lower and middle class owning a home is the most major part of any financial success, and future upward mobility.

This is wealth redistribution, and it ain’t rich people’s wealth that’s getting redistributed. It’s normal American middle class, salt of the earth wealth heading into the hands of the worlds most powerful entities and individuals. The traditional financial vehicle gone forever.

Home equity is the main financial element that middle class families use to build wealth, and black rock, a federal reserve funded financial institution is buying up all the houses to make sure that young families can’t build wealth. 

Thats right!

FEDERAL RESERVE FUNDED FINANCIAL INSTITUTE.

Let that sink in for a minute. Got it? They’re using your tax dollars to [bleep[ over the lower and middle class, and its permanent. Not 1 Pres. administration of bullshit. This is a fundamental reorganization of society.

So where does this position the average American in 30 years when its a given that every new neighborhood is to be bought up whole so they can be utilized as SFR's? It positions them as peasants. Being poor can be temporary condition bettered by upward mobility.

In the US and other nations home ownership is often the 1st and most vital step. This can provide for generational wealth and success. But as permanent, guaranteed renters youre pissing away a lifetime of equity and the chance for mobility. You just become a peasant.

The Great Reset is real. It is happening. This will be the greatest transfer of wealth, and greatest consolidation of power in the history of mankind. If they get away with it revolution will be the only cure. It will be awful. Wake up. Get active. Stop this now!


TOPICS: Business/Economy; Chit/Chat; Miscellaneous; Society
KEYWORDS: badwords; bidenvoters; blackrock; equity; homeownership; homes; property; realestate; rentals; singlefamily; wboopi
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To: Enlightened1

Getting ready to sell my house that I have lived in for 32 years. It’s in a good neighborhood. So I saw this ad for a firm called OPENDOOR which is a Internet buyer of homes. They pimp you by asking you what you think you want so I said 425,000. They came back and said that their average in my neighborhood was 430,000. The next step was to do a virtual walk-through. Since my house is not ready to sell it would be as is where is and they said that is OK. I might go ahead and do the virtual survey because it would be easier than spending the $15,000 to paint and re-carpet to get it ready for sale. Has anybody had any dealings with these virtual buyers of homes.

Evidently Web buyers are driving the prices of homes up. Tempted to give it a shot


21 posted on 06/09/2021 9:16:19 PM PDT by ncfool (Joe Biden USSA.. United Socialist state of aMeriKa...... 11.3.2020 - President in waiting Kama-la-la)
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To: usconservative

Me, too, and I’m series.


22 posted on 06/09/2021 9:17:17 PM PDT by moonhawk (Are you now, or have you ever been, a member of the Communist Party? Asking for a friend.)
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To: orionrising

Pay them off in Zimbabwe $$$?


23 posted on 06/09/2021 9:22:14 PM PDT by gundog (It was a bright cold day in April, and the clocks were striking thirteen. )
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To: ncfool

Run Now

Its A scam .
Your house is probably worth alot more .

Get a few good realtors to do a CMA on the real market value .
Homes are in bidding wars now .


24 posted on 06/09/2021 9:22:18 PM PDT by ncalburt (Gop DC Globalists is )
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To: ncfool

Homes sell by value per Sq Ft and lot size and garage size etc,,
Not by a average .
Open Door is a Scam .


25 posted on 06/09/2021 9:24:44 PM PDT by ncalburt (Gop DC Globalists is )
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To: ncalburt

My suburb in KC (on the Kansas side) can’t keep homes on the market. The day they’re listed, they’re gone. I would love to grab some extra money by selling, and I’d get a lot of money for my crappy home, but even the smaller homes are too expensive now so it wouldn’t be worth it.


26 posted on 06/09/2021 9:25:46 PM PDT by peggybac (My will is what I wanted. God's will is what I got.)
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To: Enlightened1

You will own nothing and like it...

My oregon rental sold 20 minutes after it was listed 20k more than asking.


27 posted on 06/09/2021 9:26:32 PM PDT by Organic Panic (Democrats. Memories as short as Joe Biden's eyes.)
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To: Enlightened1

I don’t know anything about Blackrock, but my daughter sells real estate in the Fort Worth area, and buyers are driving prices up in bidding wars. Don’t know if they’re regular buyers or corporate.


28 posted on 06/09/2021 9:28:59 PM PDT by Flaming Conservative ((Pray without ceasing))
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To: usconservative

And where will you live after the sale?


29 posted on 06/09/2021 9:30:51 PM PDT by Az Joe (FREE CHAUVIN!)
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To: ncfool

Kiss about $40k goodbye with Open Door.


30 posted on 06/09/2021 9:32:10 PM PDT by Az Joe (FREE CHAUVIN!)
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To: ncfool

Real estate professionals use staging companies to make houses look good. You could hire one yourself before having Open Door video your place. I suspect that they can fix you up for a lot less than 15K.


31 posted on 06/09/2021 9:38:52 PM PDT by Pelham (Liberate the Democrats from their Communist occupation)
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To: ncfool
Has anybody had any dealings with these virtual buyers of homes.

We looked at a couple of houses being flipped by a similar company here in Arizona. It is a legitimate business model. The company that bought the houses does take a 10% commission from the homeowner on the sale, which is how they can give a reasonable price and still make money on the flip. They do a minimum fix up, mostly just paint. In the case of the company selling the houses, they sell, not rent, and around here in AZ our main adversaries are folks with cash from California bidding everything up. We did find a house to buy. It has a solar lease that has to be picked up and that scared off a lot of potential buyers.
32 posted on 06/09/2021 9:48:43 PM PDT by Dr. Sivana (“At first you go bankrupt slowly, then all at once.” -- Hemingway)
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To: Pelham

The Federal Reserve is a private banking cartel that is exempt from anti-trust laws. The myth that they return all of their excess profits to the Treasury is just as mythical as Biden’s victory in November.


33 posted on 06/09/2021 9:53:59 PM PDT by MercyFlush (A wise man once said nothing. )
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To: Enlightened1

I got a flyer in the mail offering $50k-$70 less for my Arizona winter house than others are selling for. I also get cold-called by realtors wanting to know if I want to sell. No corporation has offered me 20-50% above the FMV. Maybe that will start should I ever put it on the market. Its value has doubled in the seven years since we bought it. I could handle an extra 20-50% above that!


34 posted on 06/09/2021 9:56:05 PM PDT by AlaskaErik (In time of peace, prepare for war.)
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To: AlaskaErik

My sister bought a home in NH on a lake a year ago - sold it to an Alaskan orthopedic surgeon with no inspection & no walk-through for $800k more than she paid. There was a bidding war.


35 posted on 06/09/2021 10:44:57 PM PDT by GreyHoundSailor
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To: usconservative

50% above asking? They can have mine!

Then where will you live?


36 posted on 06/09/2021 10:49:03 PM PDT by tallyhoe
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To: Enlightened1

One thing I find amazing about articles like this and some of the comments is how flippant folks can be.

The guy that runs Blackstone is a globalist POS.

Everyone wants to,brag or joke about this and that, when they dump these houses or fill them with 3rd world ugly, with Biden’s plan to destroy the suburbs, I doubt many will be bragging and joking.

These people, whoever they are, are playing for keeps.

Oh wait, when this house of cards starts to fall, that’ll be when the 3%’ers, Oath Keepers, and everyone else will be saying....Molon Labe. Yeah, that’s what’ll happen. Yup


37 posted on 06/09/2021 10:53:31 PM PDT by qaz123
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To: GreyHoundSailor

Wow. That is absolutely stunning!


38 posted on 06/09/2021 10:56:10 PM PDT by nutmeg (God bless you and thank you, Rush)
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To: Flaming Conservative

I would expect, out of my ignorance I suppose, that real estate would be one of the worst investments to make. You and your property value is at the mercy of the local government and school boards— to them your a tree to prune once every year. Another thing: Trump ended the interest deduction there is less incentive to buy.

Of course maybe they realized that no tax incentive would be needed back in 2017.

This must be about the three rules of real estate—location location location. It must be time to get out of the blue states —something is liable to happen.


39 posted on 06/09/2021 11:25:20 PM PDT by tsomer
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To: Enlightened1

This is happening in Ireland also. Investment funds are buying up most new houses and then renting them. Couples looking to buy are finding it very hard to find sellers. Rent prices are through the roof in spite of many being out of work due to lockdown.

This is absolutely a global strategy to take private property ownership away from ordinary people.


40 posted on 06/09/2021 11:47:21 PM PDT by winslow
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