You have probably heard the name BlackRock several times over the last year as related to political issues. But you rarely, if ever, hear about BlackRock in finance news. It seems strange that this should be the case when it is the world’s largest asset management company with more than $9 trillion in assets.
That is more than the gross domestic product of every nation on Earth minus China and the United States. It would seem that BlackRock has something like an invisibility shield when it comes to the news. They don’t advertise on television, in magazines, or on billboards. They don’t particularly mind if people with fewer than one million dollars in their bank accounts didn’t know they exist at all. BlackRock does its dealings with the ultra-rich. Period.
However, during the pandemic-triggered lockdowns, during the most massive transfer of wealth from working populations to the wealthy, BlackRock has been buying up real estate faster than anyone else on the planet. At the same time, Bill Gates has been working overtime to become the biggest owner of farmland in the United States as well, but that is another story.
Fortunately, there are a few cracks in BlackRock’s media invisibility cloak. In April of 2021, the Wall Street Journal wrote an article entitled, “If You Sell a House These Days, the Buyer Might Be a Pension Fund.” The article was published on a Sunday morning and only a few hundred people have read it.
It opens with the standard piece of scenery like this:
“A bidding war broke out at a new subdivision north of Houston. But the prize was the entire subdivision, not just a single suburban house, illustrating the rise of big investors as a potent new force in the U.S. housing market.”
The rest of the article is behind a paywall.
But it goes on to describe how D.R. Horton Inc. built several dozen single-family homes in Conroe, Texas, rented them out for a few years, and then put the entire project up for sale. By the end of the story, BlackRock ends up with the winning bid, not just for one or a few of the units, but for all 124 of them.
This has been going on across the country. When people put their homes up for sale, BlackRock swoops in with more money than anyone else could possibly come up with and wins the bidding war. Presumably, they are not aggressively investing in homes and land from sea to shining sea to flip them and sell them at a profit. BlackRock is paying more for these homes than they could ever be reasonably worth. They are hoarding them.
The conservative Twitter account, @CulturalHusbandry, put it this way;
“Blackrock is buying every family house they can find, paying 20-50% above the asking price, outbidding normal home buyers. Why are corporations, pension funds, and property investment groups buying entire neighborhoods out from under the middle class? Let’s take a look. Homes are popping up on MLS and going under contract within a few hours. Blackrock, among others, are buying up thousands of new homes and entire neighborhoods.”
BlackRock is positioning itself to become the largest property manager in America, with enough land to render every living man and woman unable to ever own land again. This had been going on since before the pandemic forced working people into a corner, pressuring many to sell their precious homes.
Now, here is the kicker. BlackRock is funded by the Federal Reserve.
They are buying the land out from under you using your own money.
In thirty years, you can expect that anyone who wants a place to get out of the rain will have to go to BlackRock. If you want food, you will have to buy it from Bill Gates.
@CulturalHusbandry continues;
“The Great Reset is real. This will be the greatest consolidation of power in the history of mankind. Make no doubt about it. Lloyds Bank in London is doing it, as is every great financial institute across the world. This is warfare. It is a death stroke. If they get away with it, revolution will be the only cure.”
The only investment advice that’s worth a damn at this point is guns and ammunition.
Not surprised, we have a CORRUPT ILIGITAMENT president and Swamp rats in control.
100%
they had me fooled. i thought we were merely in a housing bubble. prices here in south carolina are now higher than the bubble of 2008 and the bidding wars continue. auction prices from 2006 have now doubled and more. how is a young couple supposed to buy a house?
The Fed should not be able to buy property at all for the fact they control the rates for buying a house there needs to be laws drawn we need a President who understands property and the housing market we need a President who understands Business and repercussions of writing bad laws that govern our land and business we need a president who will close our Borders from people that want to do us harm we need a President who will stick up for our policemen we need a President who will kick out the illegal aliens that think they can stay in our country by illegal means we need a President who other countries are afraid of we need a President who believes in all of us no matter who you are or what color you are we need a president who loves all the people That President is Donald John Trump he won the 2020 election and was cheated out of it the evidence is there we need him back in 2024 for sure to try and get us out of the biggest mess ever created by a well I can’t say it!!!
Yes,America has been sold out by Democrats for a few decades and the lijes of Obama was thge one picked to go fuul speed forward with the destruction.