Probably, but what I'm getting at is that Blackrock can afford it. What I don't understand is how so many individuals and families have been affording (or at least committing to) these prices.
Agreed. But let's not be naive. Little has changed since circa 2007 / 08. The Fed is still goosing the market with low cost money. The stock market is erratic so perhaps real estate for some is safer?
Most people are foolish and greedy and blind.