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  1. Bear Ribs

    Business & Finance BlackRock attempting to monopolize housing

    But... we already knew this from the beginning? Nobody said they were only buying existing homes. From the beginning, we knew that this was being caused by companies merging and buying out existing companies of all sorts. It's also hardly all about BlackRock. This isn't a debunking, it's a...
  2. Bear Ribs

    Business & Finance BlackRock attempting to monopolize housing

    'Kay... I made it to 14:00 and he's still just personal-attacking other commentators. Please summarize it, this is just irritating, and frankly I'm suspicious of the actuality of any video where at least half it's runtime is personal attacks Also, I'm not familiar with buukd.up, can you tell...
  3. Bear Ribs

    Business & Finance BlackRock attempting to monopolize housing

    Can you provide a summary of his actual points? I'm five minutes into the video and he still hasn't done anything but personal attacks on other commentators with no facts or anything of consequence, and I don't have half an hour to spare on fluff.
  4. Bear Ribs

    Business & Finance BlackRock attempting to monopolize housing

    Okay, I realize I'm the one who started it but I think the Libertarianism derail is going too far now.
  5. Bear Ribs

    Business & Finance BlackRock attempting to monopolize housing

    Or it could be predatory bidding, which is what everybody who actually understands economics thinks is happening and is worried about. The issue here is they're paying 20% over the market. That's not the kind of overpayment that will be covered by mere inflation, especially if speed is a...
  6. Bear Ribs

    Business & Finance BlackRock attempting to monopolize housing

    I do want to talk about this one a bit more because it's a great example of what I mean by Libertarians short-circuiting when you bring up regulatory capture and zoning. You (and your sources) cannot bring themselves to blame businesses even though they admit it's something businesses are...
  7. Bear Ribs

    Business & Finance BlackRock attempting to monopolize housing

    You're the one who decided to use a different-than-normal definition of lobbyist, and I agreed not to quibble about grammar on the matter so the ball's in your court now. Your complete refusal to back up any of your claims and attempts to weasel out of providing the slightest bit of evidence...
  8. Bear Ribs

    Business & Finance BlackRock attempting to monopolize housing

    Libertarians tend to bluescreen whenever you bring up stuff like zoning regulations and regulatory capture. They basically get their tails caught between "Regulation Bad" and "Business Good" and can't deal with it when you point out that businesses create regulations to protect their interests...
  9. Bear Ribs

    Business & Finance BlackRock attempting to monopolize housing

    No, they are not substitute products. I'm beginning to see some of your issues here if you think they are. Houses are the most rivalrous of goods. Because they take up large amounts of land that cannot be increased, and can't be moved, they can't be substituted the way, say, socks that can be...
  10. Bear Ribs

    Business & Finance BlackRock attempting to monopolize housing

    And you think this is an actual issue... why? If they own 60% of the rental market that's bad. If they own 60% of the entire housing market that's really, really bad. But whether or not you're not able to figure out which one in an article that has "rental market" in its first sentence...
  11. Bear Ribs

    Business & Finance BlackRock attempting to monopolize housing

    Their questions really aren't that reasonable. We've got Abhorsen pretending that zoning laws have nothing to do with lobbying for zoning laws and Battlegrinder simply having no idea what "The Market" is from the context surrounding that sentence in an article that's entirely about the rental...
  12. Bear Ribs

    Business & Finance BlackRock attempting to monopolize housing

    You do realize this was answering his claim that "we don't know they're targeting any specific town?" But if you want better, the next paragraph includes this tidbit: Blackstone established Invitation Homes ... By 2017, two major players, Invitation Homes and American Homes 4 Rent, controlled...
  13. Bear Ribs

    Business & Finance BlackRock attempting to monopolize housing

    Then you didn't read the sources in the OP with facts like "Now controls 90% of an entire ZIP code in Atlanta." Only if zoning and building regulations don't futz with the possibility of building new houses, which they do, and which you keep trying to end-run around every time it's brought up...
  14. Bear Ribs

    Business & Finance BlackRock attempting to monopolize housing

    They aren't trying to control the entire US housing market, they're controlling a few key areas in a few cities. You don't have to own the entire desert, just the watering holes. Yes, but lobbyists are the ones getting the zoning laws put into place. Zoning laws don't write themselves. People...
  15. Bear Ribs

    Business & Finance BlackRock attempting to monopolize housing

    These are multi-billion dollar companies with more than enough money to pay powerful lobbies to throw new housing regulations into place, making it nigh-impossible for new construction to reduce the value of their purchases. They're also buying out entire subdivisions which means they own all...
  16. Bear Ribs

    Business & Finance BlackRock attempting to monopolize housing

    It could also be a maneuver to increase the value of existing holdings. A house's value is determined by how much nearby similar houses recently sold for. If they already own a number of houses, vastly overpaying for more houses will cause the value of their already-owned houses to...
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