[Hojczyk]

Well someone in Florida is buying them ...three days is a long time..

[Mariner]

Non issue.

[Stravinsky]

Awful.

[drypowder]

The US slowing becoming a company town and it’s coming from all sides. Yeah, and I believe it’s called fascistic communism.

[Alberta's Child]

Housing laws and civil courts make residential rental property ownership a challenge even under the best of circumstances.

Add a government-imposed COVID lockdown and a government-imposed eviction moratorium to the mix, and I’d say residential rental properties might be the dumbest investment on the planet for a company like BlackRock.

[Paladin2]

“...forcibly injecting into communities people whose behavior generally is far worse than those of their neighbors...”

A Racist observation, but true based on Science.

Soliciting “immigrants” possessing a lower IQ than the National Norm is NOT going to help.

We’re CNN Zucked.

[Track9]

It’s called corporate cronyism to further leftist social planning. Don’t forget the bailouts.

[GOP Poet]

bookmark

[Governor Dinwiddie]

article: "poverty and antisocial behavior is correlated in the United States."

If they want to get serious, then there is another factor, a factor which dare not say it's name. This other factor closely correlates with antisocial behavior.

[escapefromboston]

Just means you have to pay more for a house or pay more for rent ...but don’t worry if the housing bubble bursts you get to pay to bail out the companies that bought all the houses in the first place !

[eyeamok]

Living in the City looks like it might get entertaining, so glad I moved to the mountains years ago

[varyouga]

Not all ways of making money in a free market are morally right.

Like people clearing out every gas station and pharmacy before a shortage to resell to desperate neighbors. It is becoming illegal in many places because we recognize it as morally wrong.

Anything essential that cannot be easily produced (like land) is ripe for exploitation by those with high resources and low morals.

Just because you can make money from it does not mean you SHOULD...

[WellyP]

The SCUMBAGS at BLACK ROCK are in the middle of this grab!

[Albion Wilde]

bump

[JonPreston]

Isn’t Blackrock the military contractor ?

[SauronOfMordor]

I’m reminded of an old technique called “block busting”, where real estate prices were artificially collapsed by making owners afraid that blacks were moving in and “turning” the neighborhood.

https://www.legalmatch.com/law-library/article/blockbusting.html

Investors would then buy cheap, and sell higher later.

I can see these investors flooding neighborhoods with Section 8 tenants, making people move, buying up houses cheap, then getting rid of the Section 8s before selling.

[Bonemaker]

"What Happens When Hedge Funds Buy Up Neighborhoods..."

If they turn them into Section 8.

[PAR35]

Just part of the plot by the oligarchs to destroy the middle class.

[DannyTN]

If it is really an issue that market dynamics won't cure then there are several ways you could influence the market behavior.

• Tax rent income more.
• Tax capital gains on second homes more. Would probably have to limit claiming a house as primary more than once in x years if you own more than one house.
• Tax capital gains on residential real estate held by funds, corporate entities and businesses more.
• Give fewer tax breaks for rental properties.
• Give a greater tax break for owning your primary home.
• Stop illegal immigration - reduces housing demand.
• Limit legal immigration - reduces housing demand.
• Increase incentives and change building codes to allow more small house, tiny house, and manufactured house communities. - Increases housing supply, reduces homelessness, reduces demand for building materials.
• Provide incentives to develop robotic construction. Could hurt construction industry jobs, but would ultimately provide more housing and larger housing at cheaper prices. And increases the robotic industry.
• Exile anyone caught in election fraud or promoting critical race theory to Libya.
• Use Elon Musk's Boring machines to build underground communities of mole people.
• Send large numbers of people to Mars reducing demand.

[mylife]

they take all the risk..