Quote:
Originally Posted by sewell94
With BlackRock (who has acted as fiduciary to the Federal Reserve Bank of New York) and other major firms buying up TONS of housing, this will create a huge buying opportunity for them when the "little guys" get squeezed out of the rental business.
Follow the money,
Look into who the major stakeholders of Vanguard, Blackrock, and StateStreet are, and then who owns large shares of Moderna, PFizer, and J&J.
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That makes sense. The big players that have the connections will reap the rewards of the renters market collapse. One of my buddies has several rental houses. Mostly in more expensive levels and to corporate renters. He still has a few no pay renters. He has had to dump money into his rental business just to survive. As soon as the market returns, and he can clear out the deadbeats, he is going to sell. He is done with the whole mess.