That can give numbers on how many properties companies like blackrock have purchased over the last several months? I am trying to wrap my head around this whole “housing market shortage” that we have in the US and never have I ever heard or thought this could be an issue
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I'll get completely crapped on for going against the "Patriot Narrative", but it's not Blackrock. Blackrock owns less than 20K single family houses. How do I know this? Because the three largest single family rental funds are owned by Invitation Homes (80K), American Homes (55K), and Tricon Residential (22K). All three of which have acquired their portfolios over a little over a decade, and large portion of which consist of BFR homes (Build for Rent Homes), meaning they funded the construction so they could rent them out upon completion.
Blackrock and Vanguard own such a tiny percentage of the Single Family market that it's not even worth mentioning, but people obsess over it because they don't know what they're talking about.
The housing shortage we're currently experiencing has more to do with inflation. It started way back in 2020 when the price of raw materials skyrocketed. If it doesn't make financial sense to build new homes, then no one will build new homes. People who want to build their own house can't afford it, and companies doing it for profit can't make a profit, ergo, no new houses are built.
Compound that with a crunch in the existing inventory since now people can't afford a mortgage because of the rapidly rising interest rates, and what little inventory exists on the market is drying up fast. At least the affordable portion. What little IS on the market is either vastly overvalued (which is what's going to lead to the impending housing market crash) or has a legitimately high value that prevents normal middle class people from buying it, especially when considering the mortgage/interest rate problem.
So basically, this has little to nothing to do with Blackrock/Vanguard, and everything to do with the Fed, the resident, and leftist policies that have caused rampant inflation.
Give it about 6 months to a year. Assuming our theories about the financial system crash are right, and it's a short term event that will only serve as a momentary transitionary period into the new gold backed patriot financial system, and housing won't be back to normal. It'll be better than ever, along with most other things.
INVH is 20% owned by Vanguard and Blackrock, and AMH is 15%, that's without recursing through out the other "owners", who also have large chunks owned by Blackrock and Vanguard. While these homes might not be on Blackrock's balance sheet, make no mistake, it's very much owned by Blackrock.
Housing crisis is also caused by mass immigration. Simple supply and demand. If millions of people come here and eventually bring their families with them, all at a rate faster than new houses are being built, prices go up.
VRBO is big business.