BlackRock and Private Equity Firm housing scam EXPOSED
- They are buying up entire new housing developments, sometimes 500 units
- Theyโll buy the houses at $300k per home
- They wonโt sell it right away, theyโll keep the area looking like a construction zone for a year
- Letโs say there are 3 different models of homes in the community they bought, then a year later theyโll sell 3 of those houses that they bought for $300,000 to themselves in another fund for $700,000
- That creates 3 comps in the neighborhood
- They do one of each of the models, and now the entire neighborhood, each house is valued at $700,000
- Then they're going to turn them into obscene rentals and simultaneously they're going to have a 2.5x value on that portfolio to borrow against
โAnd every American in that community was just priced out of everything around that community.โ
๐จ Housing Affordability Crisis ๐จ
To afford the median-priced home in the US today, you need an income of $124,000.
The actual median household income? $79,000.
Thatโs a 57% gap โ the largest on record.
NEW: Socialist Zohran Mamdani shows off his muscles at Men's Day in Brooklyn, needs help from a spotter to bench 135 pounds.
The 33-year-old was reluctant at first to get under the bar but gave in after being pressured by the locals.
