Blackrock is one of the main culprits in driving up housing costs. Blackrock (and to a lesser degree, Vangard) are buying up whole subdivisions at above market prices before the developers even finish them. What they don't control directly, they lord over by enforcing their ESG score on any companies that they own a large chunk of shares in. It's a two pronged attack - make housing too expensive for the average home buyer - cripple US companies using ESG while at the same time profiting off of their investments in Chinese companies that don't give a rats ass about ESG.

https://www.foxnews.com/media/blackrock-investment-firms-killing-dream-home-ownership

https://nypost.com/2022/08/16/blackrock-faces-scrutiny-from-19-state-ags-over-esg-investments/

Blackrock is one of the main culprits in driving up housing costs. Blackrock (and to a lesser degree, Vangard) are buying up whole subdivisions at above market prices before the developers even finish them. What they don't control directly, they lord over by enforcing their ESG score on any companies that they own a large chunk of shares in. It's a two pronged attack - make housing to expensive for the average home buyer - cripple US companies using ESG while at the same time profiting off of their investments in Chinese companies that don't give a rats ass about ESG.

https://www.foxnews.com/media/blackrock-investment-firms-killing-dream-home-ownership

https://nypost.com/2022/08/16/blackrock-faces-scrutiny-from-19-state-ags-over-esg-investments/

Blackrock is one of the main culprits in driving up housing costs. Blackrock (and to a lesser degree, Vangard) are buying up whole subdivisions at above market prices before the developers even finish them. What they don't control directly, they lord over buy enforcing their ESG score on any companies that they own a large chunk of shares in.