“This Is Wealth Redistribution”: Blackrock And Other Institutional Investors Buying Entire Neighborhoods At Huge Premiums

Share it with your friends Like

Thanks! Share it with your friends!

Close

06/15/21

 

By Brian-Admin

by ZeroHedge News

As the real estate market continues to break records, a cabal of institutional investors has been tossing gasoline on the fire – buying up properties hand-over-fist as middle-American renters watch their dreams of home ownership fade at the hands of pension funds and other financial behemoths.

“You now have permanent capital competing with a young couple trying to buy a house,” according to real estate consultant John Burns, whose firm estimates that in many of the country’s hottest markets, roughly one …read more

Source: Health Impact News