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[–] 29 points 6 months ago (5 children)

Blackrock isn't a housing company or developer, it's an investment group. What's happening here is that a group that hires a lot of very smart people to manipulate market values has found an easy mark in housing.

The housing shortage is fueled by artificially high prices, not square footage or bedrooms. That's what you're missing.

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  • [–] 1 point 6 months ago

    BlackRock also doesn't buy up housing. Blackstone does, BlackRock catches all the flak because nobody knows they're separate companies. Blackstone is able to continue with zero criticism.

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