BlackRock, other investment firms 'killing the dream' of home ownership, journalist says

https://www.foxnews.com ^ | 6/12/2021 | By Charles Creitz

[RomanSoldier19]

The New York City risk and investment management titan BlackRock is among several high-powered firms pushing working families out of the housing market and into rentals, therefore depriving them of capital and the opportunity to build credit and equity.

According to a Wall Street Journal report, BlackRock – led by billionaire Laurence Fink – is purchasing entire neighborhoods and converting single-family homes into rentals; while in cities like Houston, investors like Fink account for one-quarter of the home purchasers.

On "Tucker Carlson Tonight," Chronicles journalist and associate editor Pedro Gonzalez said that BlackRock's actions are leading 40% of American renters to believe they will never be able to purchase a home.

[Graybeard58]

It’s crazy to rent when you could be selling and making tons during this sellers market.

“”””””””””””””””””””””””

I don’t believe you thought that through.

[rollo tomasi]

Yes and no, the Federal Reserve commissioned Blackrock to "manage" funds/bonds, as of this time over $7 trillion. Feds did not want to unwind their balance sheet and jack up interests rates so again, they sequestered Blackrock to "deal with it".

[rollo tomasi]

Lol, they manage/provide “expert analysis/advice” to about $21 trillion world-wide which makes them privy to a lot of financial institutions' and central banks' information. They are a front, conduit, or middle-man as they say. Their holdings mean jack squat, however, what they have access to makes them a front runner to "interesting times".

[Tell It Right]

I meant it from an investor’s perspective, not a consumer’s perspective. The article is about Blackrock buying up bunches of homes and renting them out. Blackrock invests in tons of other things too and often sells a lot of some asset classes for a while when they’re high and buys a lot of other asset classes for a while when they’re low. From that perspective, sell housing property now while it’s sky high and buy a lot of other stuff that’s down like long term treasury’s (currently down 29% from their all time high), Latin American stocks (down 13% from their ATH), etc.

[Jonny7797]

Blackrock is competition but most home buyers driving today’s markets are fully funded with cheap money and/or CASH from the sale of an expeneisive home in CA or NY. Those folks are taking that cash and bidding up homes in FL, AZ and TX.

[jdsteel]

“ Buy with the intent to eliminate private ownership and then call in markers for debt, or sell it to the government at a huge profit.”

Sorry, when we go full China they’ll get the “Jack Ma” treatment. And we can laugh at them while crying for what our country once was.

[packagingguy]

The article says the large firms account for one quarter of all home purchases. That would not be so frightening if affordable housing was still being built, but it is not.

[Openurmind]

I agree...

[packagingguy]

https://needtoknow.news/2020/06/blackrock-authored-the-federal-reserves-bailout-plan-before-there-was-a-crisis/

You all might be interested in this.

[MSF BU]

This crossed my mind as well. In my experience many units under one roof, separately metered for everything, electric everything and over 55 is the way to go...if you can do it.

[RomanSoldier19]

...

Link

[rollo tomasi]

There is a lot more than profit or the pursuit of knowledge.

For instance, medical schools are taking away needed clinical curriculum in exchange for cultural diversity and equity requirements.

Want to know why this everyone/institution is buying this crap? Because investment/security/analytical firms with an agenda push this crap.

You need to ask why even buy a house that is $100,000+ more than than appraisal? What idiot would do that? Well, as of now, a lot of idiots and these purchases are not in areas with high demand. So what gives.

[Jane Long]

BlackRock in The White House
June 20, 2021

With Joe Biden in the White House you can expect to hear the name “Blackrock” in the headlines connected to a variety of issues from real estate purchasing to green energy projects with massive domestic and international investments.

BlackRock, Inc. (together with its subsidiaries) is a massive publicly traded multinational investment firm with over $8.68 trillion in assets under management [December 31, 2020 financial statement] in more than 100 countries across the globe. To say that Blackrock is invested in globalism, climate change and leftist politics, would be a severe understatement {See Here}. Larry Fink is the CEO and people like Cheryl Mills, Hillary Clinton’s attorney of record, are on the board....

..snip...

So let me just summarize this…. The Chairman of the BlackRock Investment Institute, the guy who tells the $8.7 trillion investment firm BlackRock where to put their money, has a brother who is the Senior Advisor to Joe Biden; has a wife who is the White House Personnel Director; and has a daughter who is now on the National Security Council.

You seeing this? Conflicts and insider information much?

The only thing missing is Hunter Biden being moved to the BlackRock board.

Now, I say again:.

Watch Where “BlackRock” and Biden Put Their Money…

https://theconservativetreehouse.com/blog/2021/06/20/blackrock-in-the-white-house/

~~~~

Did not see this posted, as a thread, yet.

All connections are linked/sourced, at article link.

Unreal.