If Nobody Can Afford A House, Who Is Buying Them? (I think we already know the answer...) | @Moon-Real
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If we cant afford these houses that Blackrock and these bastards are buying up, perhaps we should invoke our 'squatters rights.'
Yeah, they are bidding up all the houses so regular Americans are outbid, and now the US Government (us taxpayers) are gonna pay to house illegals. So not only can we not afford a house, at the same time we have to pay others rent, and the Corporations who are buying all the houses and renting to the Govt will make a shit ton of money. Bleeding America dry. Money Laundering……..AGAIN.
But just keep working your three jobs and paying taxes sheeple.
Modern day slavery
blackrock
A mix of wealthy foreigners seeking safe harbor for wealth. Entrenched Financial Interests. Particularly Blackrock and company. And Domestic Wealthy using it as stores of wealth.
Meaning the average middle class and even lower upper middle-class are priced outta the market. Let alone the poor
They're buying with cash that was invested in their REITs (Real Estate Investment Trusts). These are like an ETF that buys real estate. There are ETFs for lots of things like gold, currency, stock sectors, etc. The profiles on these REITs are showing high gains and some are paying huge dividends, so people are investing heavily. That money going in can only be used to buy real estate, so they buy, buy, buy without regard to prices. When the music stops, retail investors will be the ones standing there broke with their dick in their hand while the funds collapse in value. The fund managers have already cashed in by getting huge salaries and bonuses. Beware