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  1. Rocinante

    Business & Finance BlackRock attempting to monopolize housing

    well they definitely aren't doing this for immediate profits. They are buying up every home they can get at significant mark-ups.
  2. Rocinante

    Business & Finance BlackRock attempting to monopolize housing

    They'll get bailed out. They're too big to fail. They're taking a "risk," that is backed by our tax dollars. So no real risk involved because our money will save them. They are using our tax dollars to play us.
  3. Rocinante

    Business & Finance BlackRock attempting to monopolize housing

    the article actually says they bought 90% of the 7500 homes in one zip code
  4. Rocinante

    Business & Finance BlackRock attempting to monopolize housing

    I'm not suggesting we screw with the market. I'm just saying they're being shitty and it's been enabled by bad policy. Policy changes to fix it (other than axing zoning laws if they exist in the area) probably will make things worse. But the bad policy is already done. We can't exactly go...
  5. Rocinante

    Business & Finance BlackRock attempting to monopolize housing

    We spent trillions of dollars, and half of that unemployment probably went to criminals While billions went to companies like this, who clearly don't need bailouts if they're buying entire neighborhoods worth of houses. What evidence do you need that buying entire neighborhood's worth of...
  6. Rocinante

    Business & Finance BlackRock attempting to monopolize housing

    It's certainly a problem for people in the area who want to buy homes... These people got bailout money while average Americans suffered, and now they're buying up all the homes so that those same people can't. Yeah, it's shitty.
  7. Rocinante

    Business & Finance BlackRock attempting to monopolize housing

    Well as mentioned, they apparently are buying up entire neighborhoods of new homes. And depending on zoning laws, just building new homes isn't exactly always easy to do.
  8. Rocinante

    Business & Finance BlackRock attempting to monopolize housing

    Yes. They don't want a middle or upper middle class. They want an ultra rich class and a class of serfs.
  9. Rocinante

    Business & Finance BlackRock attempting to monopolize housing

    So they're using our money to buy our houses so that we can't. Lovely.
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