Comment by WackyFighter
3 days ago
A hit in the stock price doesn't prove or disprove their claims. What would disprove their claims is the number of properties Blackrock is buying and if it is affecting pricing at the margin.
3 days ago
A hit in the stock price doesn't prove or disprove their claims. What would disprove their claims is the number of properties Blackrock is buying and if it is affecting pricing at the margin.
Let's say Blackrock, with all their wealth behind them, buys a home in your neighborhood. What do you think they will charge for rent? Market average? Ha! No way. They jack up the rental prices because they can. That makes rental prices rise everywhere in the area.
If they charged far more than the market average in a given area then people wouldn't rent from them. Even if they bought up the entire area, people would presumably move to cheaper areas where they weren't jacking up the prices.