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Corporations Like Blackrock Are Buying Up Thousands of Houses, Pricing Americans Out of the Market

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First published at 10:29 UTC on June 12th, 2021.

#china
#blackrock
#housing

DeidreaAnne

SNOW WHITE

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Over bidding offers to purchase your home for sale @$340,000 bidding exceeded to a excepted offer @ $560,000 mostly cash?
Your property value can't appraise for the exasperated price but somehow the banks approve and financing is approved? Think…

According to a recent report from the Wall Street Journal, roughly 200 investment firms are buying tens of thousands of homes — and sometimes entire neighborhoods — raising prices, and competing with middle-class Americans looking to take advantage of low-interest rates and buy their first home.
To add insult to injury..Blackrock has just raised their rent 30 percent.

LESS