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by baron_harkonnen
1794 days ago
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If you look at the data on home ownership rates[0], which is the percent of homes owned by their occupant, the number did take a big drop after spiking up due to the pandemic, but still remains higher than it has for most of US history since the 1960s. I've seen this black rock conspiracy posted elsewhere, and while it makes for a compelling dystopian narrative that large corporations are secretly buying all our homes to lease back to us, the reality is just not true. People are leaving expensive urban housing in droves and competing for what seem like relatively cheap houses to them, so they are comfortable bidding wildly (I know many, many real people in this situation). I'm sure Black Rock wants in on the action, but until that rate falls dramatically lower, I'm not particularly convinced that that's what's happening. 0. https://fred.stlouisfed.org/series/RHORUSQ156N |
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