Last week I ran this piece about the people who are actually running the world. In it we identified the financial organizations who own just about everything in every sector of life and business. Black Rock was one of those companies.
Well, now one of the massive players is coming for your neighborhood. If you recall, getting regular people out of the suburbs and into controllable urban environments is an aim of the Great Reset. And right now they’re being helped to do it on the cheap.
In the first quarter of 2021, 15% of U.S. homes sold were purchased by corporate investors — not families looking to achieve their American dream. While they’re competing with middle-class Americans for the homes, the average American has virtually no chance of winning a home over an investment firm, which may pay 20% to 50% over asking price, in cash, sometimes scooping up entire neighborhoods at once so they can turn them into rentals.
BlackRock is buying up single family homes in honest middle America in droves. The average mortgage rate is 3.00%. BlackRock gets it for 1.4% on an ABL. If massive inflation hits the debt will be wiped out and rent prices will skyrocket. Fed policies benefiting the 1% AGAIN!— Nancy Pelosi Portfolio Tracker (@NancyTracker) October 13, 2021