BlackRock Housing Myths
The cluster debates misconceptions about BlackRock buying up single-family homes and driving up housing prices, with frequent clarifications distinguishing it from Blackstone and explaining BlackRock's role as a massive asset manager holding stakes via index funds.
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Blackrock owns some part of everything
Blackrock owns all those companies too. lol.
Blackrock is not buying individual houses. Are you confusing them with Blackstone, who did own a unit that bought and rented single family homes?
Blackrock owns 60 billion dollars of real estate in a 36 trillion dollar market. They don't matter.
Blackrock is on the board of both these entities.
Blackstone, Blackrock - just buy their stock then, they are publicly traded
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
Blackrock capital and their ilk. Thanks.
Well sure, because they're an investment company. They manage people's money. A lot of people seem to talk about BlackRock as if they're investing their own money, which would be similar to pretending your bank owns all the money that you put in it. They have $10Tn under management, but they have a market cap of $100bn. So the vast majority of what they're doing is just brokering deals for their investors. The fact that Blackrock did this deal doesn't tell you anything a
Have you ever confused BlackRock with Blackstone? Despite their similar sounding names, these two financial powerhouses represent distinct approaches to investment management. https://www.investing.com/academy/trading/blackrock-vs-black... Major news organizations and sector researchers describe t