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Robert Kennedy Jr: BlackRock, State Street & Vanguard... are on trajectory to own 60% of single family homes by 2030 in the United States. When you make an offer on a home, someone swoops in with a cash offer and buys it. It's an LLC. Those LLC's are ultimately owned by those 3 companies. by goldentomatoes1

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bewwwbbbskizzle 3 points 1 year ago +3 / -0

No they're LLCs to protect the owners from personal liability claims. LLCs are registered with the state and have to disclose their directors. Complicated ownership structures just cost a lot of money to maintain, usually for no reason.

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2024.12.01 - gr5kf (status)