3 ms·
This should probably be illegal. One could argue it's beneficial for renters i.e. 'free market' but what this really is is the financial system and especially t
by jollybean 5y ago
This should probably be illegal. One could argue it's beneficial for renters i.e. 'free market' but what this really is is the financial system and especially the federal reserve enabling funds to leverage themselves over the middle class.
Only so many equities they can buy, have to get out of cash, buy homes and big against other people.
It also may be another sign of inflation.
- salawat 5y agoThis is exactly the sort of thing that led to Andrew Jackson killing the National Bank. I wonder what he'd think of a private entity doing the same thing.
- jollybean 5y agoThe Federal Reserve has increased it's balance sheet massively in 2008 and then again in COVID, the money is supposed to go into re-establishing the economy. But instead of hiring workers, Blackrock is buying homes of those workers, probably a little cheaper, and using leverage to turn people into serfs. Like 'Socialism for Capitalists Only'. We really need to be careful about this.