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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
Not renters, serfs. They are starting thier own fiefdoms. Zero chance the poor will ever get out from under the control of the robber barrons. Unless the state enacts rent controls. But that's a slippery slope.

The love of money really is the root of all evil.

41 posted on 06/10/2021 12:59:49 AM PDT by Ikeon (The truth will get you killed 10x faster then telling a lie. )
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To: Hambone 1934

Section 8. Guaranteed rent payments. Transfer of billions of government money to BlackRock every month. Like a money machine.


42 posted on 06/10/2021 2:31:53 AM PDT by Jim Pelosi
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To: Enlightened1

You will own nothing and be happy.

https://youtu.be/4zUjsEaKbkM


43 posted on 06/10/2021 3:01:02 AM PDT by EBH (Republics are only meant for a good and moral people. 1776-2021 May God Save Us.)
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To: Enlightened1

Suckers. They are going to take a massive capital hit when the market crashes.


44 posted on 06/10/2021 3:07:52 AM PDT by mad_as_he$$
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To: tallyhoe

In a van down by the river...


45 posted on 06/10/2021 3:46:58 AM PDT by EEGator
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To: The MAGA-Deplorian
I love today’s illiterate 18 year old journalists who actually think dropping F bombs in articles they write makes a point. Cant take them serious.

It's not a journalist. It's someone writing a blog.

46 posted on 06/10/2021 3:47:45 AM PDT by Yo-Yo (is the /sarc tag really necessary?)
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To: Enlightened1; winslow

I think there is definitely potential for abuse (especially if individual buyers can’t find homes), but as someone who lives in an area with many single-family homes where all the buyers are foreigners because Americans don’t want them (northeast NJ), I believe it may be that American workers unsure of the future of their jobs won’t buy them anymore. They WILL rent them, though - and keep their mobility to follow jobs and avoid being tied to a geographic location for 30 years (with all the risks associated with that).

I believe this is more in line with “You’ll own nothing and be happy” rather than involuntary serfdom because I believe the tenants DON’T want to buy.


47 posted on 06/10/2021 3:49:20 AM PDT by kearnyirish2 (Affirmative action is economic warfare against white males (and therefore white families).)
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To: Enlightened1

States with property taxes will love this.

It’ll be used to raise assessments on all surrounding homes, not just the ones sold.

If you’ve got a nice home on one of those states, it’s really gonna suck to be you.


48 posted on 06/10/2021 3:49:52 AM PDT by mewzilla (Those aren't masks. They're muzzles. )
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To: Enlightened1

As a senior with nerve issues I have moved into a senior facility. I am HAPPY that I just discovered a way to sell my house to a ‘grand’ moving into this area. Yes I am seller-financing AND am under the Zillow pricing but this article convinces me that I am doing the right thing here. For those in the tax know, the IRS rules require price and finance rates to be near market values as otherwise it can be deemed as a GIFT and that comes with taxes to ME!

This being said, I am not in full agreement with the thrust of this article. While I agree that Blackrock does benefit from corporate crony capitalism, the fact that they are buying single-family houses is nothing new for them or others. In past times this has been done in times like this of market disruptions. Residential real estate producing rents works well as a productive asset. What I expect is that such owners will be equally quick to sell the same when it is adventageous to them.


49 posted on 06/10/2021 3:50:43 AM PDT by SES1066 (Ask not what the LEFT can do for you, rather ask what the LEFT is doing to YOU!)
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To: Pikachu_Dad; KC Burke

Right; you can be priced out of your own neighborhood just with property taxes - especially if the new residents are wealthy and want the latest stuff in schools and such.


50 posted on 06/10/2021 3:55:37 AM PDT by kearnyirish2 (Affirmative action is economic warfare against white males (and therefore white families).)
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To: tallyhoe
Then where will you live?

I'll be living in a van down by the river.

51 posted on 06/10/2021 4:16:14 AM PDT by usconservative (When The Ballot Box No Longer Counts, The Ammunition Box Does. (What's In Your Ammo Box?))
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To: usconservative

50% above asking? They can have mine!

Then were do you live? You are now a renter paying rent to the Federal government in essence and they can jack the rent higher at a whim every year. How long will you be able to pay exorbitant rent for the proceeds of your 50%?


52 posted on 06/10/2021 4:30:30 AM PDT by PIF (They came for me and mine ... now its your turn)
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To: mad_as_he$$

Deep State will likely use taxpayer money to make them whole.

If so, who are the suckers.. ?


53 posted on 06/10/2021 4:32:30 AM PDT by mewzilla (Those aren't masks. They're muzzles. )
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To: PIF
See post 51.

BTW: while I'm partially tongue in cheek with my statement I have lived in my vehicle before. It's been many years since I have and I still remember how I did it. That's also part of the reason I work as hard as I do and achieved the success that I have. Just sayin'.

54 posted on 06/10/2021 4:38:19 AM PDT by usconservative (When The Ballot Box No Longer Counts, The Ammunition Box Does. (What's In Your Ammo Box?))
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To: GreyHoundSailor

My friend has bidding wars on her RENTAL property!! A lady paid $500.00 MORE even after she told her the highest bidder was only $200.00 more! CRAZY !


55 posted on 06/10/2021 4:41:36 AM PDT by Ann Archy (Abortion....... The HUMAN Sacrifice to the god of Convenience.)
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To: Enlightened1

“You’ll own NOTHING, and be happy!” Klaus Schwab.


56 posted on 06/10/2021 4:45:03 AM PDT by who knows what evil? (Yehovah saved more animals than people on the ark...siameserescue.org)
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To: peggybac

Exactly. My wife keeps telling me it’s time to sell. Then I ask her: “...and buy where?” My supervisors have asked if I want to move to Colorado Springs. I did a check of housing in the Springs, and to get the equivalent of what I have now in Florida, I would have to buy a house at $800K to $1M. I just paid off my house early and have no debt. I told my bosses that no, I would not be willing to move and go back in debt while losing about 40% of combined salary. I’m fine right where I am...just not a fan of the heat and humidity.


57 posted on 06/10/2021 4:51:33 AM PDT by USAF1985 (An armed population is a polite population...)
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To: The MAGA-Deplorian; Yo-Yo

Actually threadreader is an app that assembles a multi-part tweet so this is just a person on twitter, not even a blog.


58 posted on 06/10/2021 4:56:10 AM PDT by Pollard
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To: EEGator

In a van down by the river...


Where if you don’t get robbed, raped or murdered by ferals/illegals the cops will fine you for illegal parking and force you to move along. Thankfully, there will be other homeless camps for you to move to before they are also broken up. Be sure to get plenty of free socks at the local mission to use for TP! Drugs will be easier to find also.


59 posted on 06/10/2021 4:58:48 AM PDT by PIF (They came for me and mine ... now its your turn)
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To: usconservative

Bingo. Would love to move from NYS. Make me an offer black rock.


60 posted on 06/10/2021 5:02:36 AM PDT by Vaquero ( Don't pick a fight with an old guy. If he is too old to fight, he'll just kill you. )
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