31 Hedgefunds buying up houses, many with all-cash bids, dropped by almost 50%. Blackrock and Vanguard spearheaded this insanity. Looks like another money dumpster fire for the woke DIE investors. (archive.ph) posted 3 years ago by GeneralBoobs 3 years ago by GeneralBoobs +31 / -0 6 comments share 6 comments share save hide report block hide replies
You know we haven't seen the last of this, though. The market fucking up forced them to pause it, but they will never stop trying to find a way to make the nation of renters happen.
Global finance would love to know implement neo-feudalism, which is what they mean by “you will own nothing and be happy.”
Now would be the worst time to buy a house. The market is falling in prices as it is.
Unless you have the Federal Reserve bank rolling you, like Blackstone did (separate firm from Blackrock, but same affiliations).
Its almost like businesses do not want to sell at a loss! What a notion. Expect them to get back to it once the housing market "strengthens".