Whose been bidding up houses? Who has 10 trillion under mgmt?
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Out here down-under, no one can afford houses anymore. They get snatched up as soon as they come on market. Been accelerating over the last two years, through the shutdowns. If Blackrock is buying houses, I am guessing the new currency will be issued backed by real estate?? This movie just gets more crazier.
I have a buddy in northern Indiana, neighbor lady passes, house prolly worth about 85k, was bid up in a frenzy to about 130k... Why? house needs work. Nei8ghborhood not anything special.
Oh hell,dumbasses have buying 45,000$ pickups for years.
We have a farmer in our area who is bought up over 3000 acres at around $5000 an acre.. Who in the hell is funding this man????
Zillow is supposedly dumping houses.
Because their "AI" bought them at 10-20% over FMV. Now they're stuck dumping them at 7-10% losses.. and I think much more.
Zillow's main investors? One of them is Vanguard.