21 ms·
Those investors are most individuals buying houses to rent. Blackrocks fund accounted for 0.01% of US housing stock.
by refurb 3y ago
Those investors are most individuals buying houses to rent. Blackrocks fund accounted for 0.01% of US housing stock.
- r00fus 3y agoDisagree [1]. Blackrock owns Invitations Homes, which does indeed own a large portion of US housing stock. They buy in cash or with loans that are a lot less interest rate than you or I would pay. [1] https://slate.com/business/2021/06/blackrock-invitation-houses-investment-firms-real-estate.html https://slate.com/business/2021/06/blackrock-invitation-hous...
- refurb 3y agoYour article actually admits they don't own that big a percentage of homes. Invitation Homes operates in 16 cities, with the biggest concentration in Atlanta, where it owns 12,556 houses. (Though that’s not much compared with the 80,000 homes sold in Atlanta each year