BlackRock and Private Equity Firm housing scam EXPOSED
- They are buying up entire new housing developments, sometimes 500 units
- They’ll buy the houses at $300k per home
- They won’t sell it 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 for $700,000
- That creates 3 comps in the neighborhood
- They do one of each of the 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
“And every American in that community was just priced out of everything around that community.”
🚨 Housing Affordability Crisis 🚨
To afford the median-priced home in the US today, you need an income of $124,000.
The actual median household income? $79,000.
That’s a 57% gap — the largest on record.
NEW: Socialist Zohran Mamdani shows off his muscles at Men's Day in Brooklyn, needs help from a spotter to bench 135 pounds.
The 33-year-old was reluctant at first to get under the bar but gave in after being pressured by the locals.
