BlackRock is not taking out mortgages. The real-estate is nothing more than a 15, 20, 30 year “bond” to them. As long as they are earning better than the US treasuries rates, they are good. They couldn't care less about prices, they can easily manipulate the market prices by creating a lumber, copper, whatever Shortage.
BlackRock is not taking out mortgages. The real-estate is nothing more than a 15, 20, 30 year “bond” to them. As long as they are earning better than the US treasuries rates, they are good. They couldn't care less about prices, they can easily manipulate the market prices by creating a lumber, copper, whatever Shortage.