Blackrock isn’t a housing company or developer, it’s an investment group. What’s happening here is that a group that hires a lot of very smart people to manipulate market values has found an easy mark in housing.
The housing shortage is fueled by artificially high prices, not square footage or bedrooms. That’s what you’re missing.
BlackRock also doesn’t buy up housing. Blackstone does, BlackRock catches all the flak because nobody knows they’re separate companies. Blackstone is able to continue with zero criticism.
Blackrock isn’t a housing company or developer, it’s an investment group. What’s happening here is that a group that hires a lot of very smart people to manipulate market values has found an easy mark in housing.
The housing shortage is fueled by artificially high prices, not square footage or bedrooms. That’s what you’re missing.
BlackRock also doesn’t buy up housing. Blackstone does, BlackRock catches all the flak because nobody knows they’re separate companies. Blackstone is able to continue with zero criticism.
But mainly fuelled by lack of supply increasing demand and therefore price
The supply is being artificially restricted.
so what you’re saying is that market manipulation (= monopolies) is the problem, not companies owning houses?
I’m saying that companies owning houses is the market manipulation, neighbor.