Blackrock is investing heavily in single-family homes (as well as apartment buildings). Buying up as many they can find, paying 20–50% above the asking price, and outbidding regular home buyers. Why is this trend of Housing being a financialised asset continuing with fresh vigor. Was 2008 not a lesson for us all? Achieving homeownership is getting beyond the reach of newlywed couples. Ever rising Housing prices against stagnant wages only further delays Family creation.
Why are corporations, pension funds, and property investment trusts buying up entire neighborhoods front running the middle class? Let's take a look.
Homes are popping up on MLS and are going under contract within a few hours. Blackrock among others is buying up thousands of new homes and entire neighborhoods!
So who is Blackrock? Only the world's largest asset manager and who are hellbent on pushing ESG investment. Environment, Sustainability, and Green Technologies things that I agree with and wish to see further development in.
However, Blackrock is also the leading proponent of The Great Reset. They’re looking to redistribute $120 Trillion dollars. The entire wealth of the world's middle class and poor combined several times over.
As an example: 124 new home neighborhood was bought up in its entirety in Texas. Average Americans were outbid to the tune of $32million. Homes sold at an avg of 20% above listing. Now the entire neighborhood is made up of SFR’s (Single Family Rentals). Is this Sustainability? Environmental or Green Energy Technology Investment? Obviously not.
Now the potential lower to middle-class homeowner is positioned to be long-term to a permanent renter. This matters for us plebians, because for the lower and middle class. Owning a home is the major part of any financial success (historically) and any future upward financial and social mobility is tied to the equity that gets accumulated within that Asset. Along with any properties that get passed down the generations.
This is wealth redistribution. Period. And it is not the elite whose wealth is getting redistributed. It’s the everyday middle class. The working man/woman's money heading upwards, into the hands of the world's most powerful entities and individuals. The traditional savings vehicle is gone. High-interest savings products once available at the Bank have long since gone the way of the Dodo.
Hence why there has been increased ownership and speculation of stocks these past couple of decades. Securities belong in a Higher risk bracket, obviously as they depend on the work of others to continue to perform and create value in the years ahead.
Home equity is the main financial vehicle through which middle-class families have used to build wealth, and Blackrock, a Federal reserve funded financial institution is buying up all the houses to make sure that young families can’t enjoy the same wealth creation and store of economic energy.
Yes, the world's Central bank is enabling this to occur and possibly encouraging it to happen. Board appointees are not the Shareholders of the FED. DYOR.
The lower and middle class; please bend over for the Rogering!
This is a fundamental reorganization of society. And Joe Biden or any sitting President beholden to these institutions will allow it to happen.
So where does this position the average dude or gal in America in say 20-30 years when there is a high likelihood that every new neighborhood is to be bought up whole, so they can be utilized as SFR’s? It positions them as working peasants.
Being poor can be a temporary condition. The American dream was an opportunity to allow an achiveable shot at property ownership & upward mobility.
The US offered land & property ownership when most European nations did not. Property can provide for generational wealth and success.
But as permanent, guaranteed renters you're passing up a lifetime of equity and the chance for financial mobility. You just become a working dreg. A peasant.
The Great Reset is real. It is happening. This is the greatest transfer of wealth, and the greatest consolidation of power in the history of mankind. If they get away with it. A revolution will be the only cure.
Wake up! Forewarned is Forearmed.
This is warfare. Lloyds Bank in London is doing it as well, as is every “great” financial institution across the globe. It's a greater threat than the slow creep of Communism. It is Fiat-backed bombs being hurled at you.
Black Rock, Vanguard, and State Street control 20 trillion dollars worth of assets. They control assets that are greater than GDP than every country apart from China. Blackrock alone generates a surplus of capita around $10 Billion a year. So with a 10% down they can get mortgages on 333k homes every year. That’s Just Blackrock alone.
Within a decade the entire landscape of US and other Western Housing could be remarkably different. Not to mention the war on private landlords, and punitive inheritance taxes. As your House Values rise, expect to pay unaffordable taxes to acquire your parent's property. A clean sweep of wealth if you will.
These Investment funds may offer up a reason that they are chasing yield. But an overpriced house does not return much ROE. Dark forces are at work IMHO.
You and I can't afford to make loss-leading investments. But these FIAT-fuelled institutions can.
Can Companies that are buying up Housing, for way above the asking price keep this up as a prolonged strategy?
They are fronted by the Federal Reserve and are financed by an endless stream of freshly created fiat money. Yes, they can.
Yup. Green funny money is given first to these Financial power brokers the Canitllionaire class has zero regard for you and me.
This movement is pushed by the same cabal that stole the 2020 US election (in all probability based on the irregularities that occurred) & hid COVID truth (Fauci email leaks, Wuhan lab Corornavirus research, and Lockdown drills in 2019 point to this as being true) via installed political leaders and nonpracticing scientific experts around the globe.
BITCOIN FIXES THIS
DEFUND THE ESTABLISHMENT — PEACEFULLY