Nearly 40% of U.S. homes are mortgage-free, census shows

Post by Pigalowda » Thu, Dec 14, 2023, 6:14 PM UTC

c22 wrote: post #46

Pigalowda wrote: post #33

Earlier quoted context omitted.

Blackrock and other funds buy thousands of homes and rent them out. Those are mortgage free homes.

You're probably thinking of Blackstone which spunoff from Blackrock in the 1980s. Further reading: https://www.blackrock.com/us/individual/insights/buying-hous... https://www.blackstone.com/housing/our-track-record-in-housi... https://www.helpadvisor.com/retirement/blackrock-vs-the-blac... https://fintel.io/news/blackrock-now-owns-490-of-blackstone-...

If it’s such an infinitesimally small portion then why defend the position instead of just shedding the assets? I don’t trust their whitewashing at all.

Blackfund should sell but they won’t until they’ve extracted the blood they think they deserve.

Post by r00fus » Fri, Dec 15, 2023, 5:51 PM UTC

c22 wrote: post #75

r00fus wrote: post #74

Earlier quoted context omitted.

A distinction without a difference - they're both in the same rent-seeking model.

I guess, except Blackrock literally does not buy houses whereas Blackstone owns "0.03% of single-family homes in the US" and rents them out. A distinction that seems entirely relevant to the claim "Blackrock [...] buy thousands of homes and rent them out."

This article claims otherwise [1]

"BlackRock, Vanguard, and State Street have notably been making substantial investments in single-family homes across America. Their housing acquisitions are primarily conducted through real estate investment trusts (REITs), including home-rental companies. BlackRock, for example, is heavily invested in Invitation Homes. A company that owns and operates over 80,000 rental homes in the U.S. "

[1] https://businessandfinances.com/2023/09/investment-giants-bu...

Re: Nearly 40% of U.S. homes are mortgage-free, census shows

Re: Nearly 40% of U.S. homes are mortgage-free, census shows