Tag: home ownership

Yes, BlackRock’s Home-Buying Spree Should Concern You

The general public doesn’t normally look into companies like BlackRock, the largest asset management firm on the planet with over $9 trillion in assets. That’s higher than the GDP of every nation in the world other than the United States and China. We don’t normally looking into them because they’re invisible to “normies” like us. They don’t advertise or have their name on a sports stadium like most other major companies. They’re happy to stay as under the radar as is possible for a company so huge.

But some in the general public is paying attention now following the resurfacing of an April WSJ article that chronicles BlackRock and other money institutions buying up single-family homes as quickly as they can at rates higher than the average homebuyer is willing to pay. They’re buying them up at a premium, and that should concern everyone whether you’re in the market to buy a home or not.

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Gov’t Violates Constitution, Steals Elderly Man’s Home Over $8.41 Tax Bill

Essentially, the city is claiming that if they do not steal homes from elderly retirees over unpaid $8 tax bills, the children will suffer and the city will descend into utter chaos.

“It may sound unfair on its face,” Bursch replied. “But it’s also unfair to force those who pay their taxes to subsidize those who don’t.”

Bernstein was quick to bring up the fact that this tax bill was under paid by a minuscule amount. “It was $8,” he said. “Couldn’t it be a mistake?”

That’s when Bursch made a massive admission.

“The counties don’t want the property,” argued Bursch as to why they stole the elderly man’s home. “They want the money.” 

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