>>>They didn’t “lose” anything unless they sold.>>>
They lost capital. I think Blackrock has been buying up homes contributing to the real estate inflation. A $17 Billion hit to capital may put a quick stop on that. Real Estate values?...Timber!!!
I’m waiting to hear “timber” in Seattle....prices here are insane!
Zillow was doing the same thing. It didn’t go very well for them.
vespa300 wrote:
“
>>>They didn’t “lose” anything unless they sold.>>>
They lost capital. I think Blackrock has been buying up homes contributing to the real estate inflation. A $17 Billion hit to capital may put a quick stop on that. Real Estate values?...Timber!!!
“
I think you just answered my question to vigilanteman.