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Another option is that Black rock believes the government, when push comes to shove, won't let housing prices fall dramatically, since a large portion of the el
by xapata 5y ago
Another option is that Black rock believes the government, when push comes to shove, won't let housing prices fall dramatically, since a large portion of the electorate has nearly all their net worth tied up in their homes.
- recursivedoubts 5y agoYou are now arguing that Blackrock knows something we don't know. Which is fine, and I think there is a good chance that's true.
- xapata 5y agoKnows vs believes. For an investor, belief with an estimation of confidence is sufficient. There's never really a "knows for sure" even with insider trading. For what it's worth, I'm of the same belief. I think it's politically infeasible to allow house prices to decrease significantly throughout the whole United States.