This is blackrock and vanguard buying up assets. a 180k house to 1 million is ridiculous and makes no market sense. There is no supply chain for existing homes to mess up and they can't burn them all down. So they create a shortage by driving up prices and buying them all.
I think governments printing money like no tomorrow has a big part play in it and is also a reason WHY Blackrock & VG are buying hard assets since sitting on cash is the same as lighting it on fire these days.
This is blackrock and vanguard buying up assets. a 180k house to 1 million is ridiculous and makes no market sense. There is no supply chain for existing homes to mess up and they can't burn them all down. So they create a shortage by driving up prices and buying them all.
I think governments printing money like no tomorrow has a big part play in it and is also a reason WHY Blackrock & VG are buying hard assets since sitting on cash is the same as lighting it on fire these days.
True