It Is All A Rich Mans Trick, The Rich Are Coming To Steal From Us Peasant Slaves Again.
Source: https://halturnerradioshow.com/index.php/news-selections/national-news/how-blackrock-prices-americans-out-of-new-homes
What appears to many people to be a BlackRock and Private Equity Firm housing scam, is EXPOSED!
They are buying up entire new housing developments, sometimes 500 houses of new construction at a time.
They’ll buy the houses at $300k per home.
They won’t sell them right away, they’ll keep the area looking like a construction zone for a year.
Let’s say there are 3 different models of homes in the community they bought. Then, a year later, they’ll sell 3 of those houses (that they bought for $300,000) to themselves in another fund they manage, for $700,000.
That creates 3 sales "comps" (comparable) in the neighborhood.
They do one of each of the house models, and now, the entire neighborhood, each house is valued at $700,000!
Then they're going to turn them into obscene rentals and simultaneously they're going to have a 2.5x value on that portfolio to borrow against.
Every American in that community . . . was just priced out of everything around that community.
0 Comments