Blackrock owns America’s homes – and a whole lot else
American Thinker,
by
Andrea Widburg
Original Article
Posted By: sw penn,
6/12/2021 9:58:55 AM
If you’ve been thinking of buying a house, you’ve probably noticed that house prices are soaring everywhere, not just in the usual preferred zip codes. You might have thought this is simply because of market deformations thanks to COVID and the lockdowns. In fact, the soaring prices reflect something much more sinister: Blackrock, an investment company is buying up housing stock, turning America into a nation of renters – that is, people with no stake in their communities or their futures. However, what’s really sinister is that it’s not just housing stock. BlackRock, along with The Vanguard Group, owns a disproportionate number of American corporations, more even than you realize.
Reply 1 - Posted by:
Stencil 6/12/2021 10:23:45 AM (No. 813510)
This the most ridiculous thing I’ve read today and that’s going a ways. BX and Vanguard own portions of these companies much as I and other investors do.
7 people like this.
Reply 2 - Posted by:
MDConservative 6/12/2021 10:28:06 AM (No. 813514)
Either you believe in that "pursuit of happiness" and the sanctity of private property, or you don't. Neither company is the only investor, and the company officers have a fiduciary responsibility to its investors...make them money. So, what is the basis for trying to use anti-trust laws to break up these investment firms? That they make their clients money...BIG MONEY? They own lots of stuff to make that money?
There is a larger issue at stake. Let's start with the UNIPARTY cabal. If you're afraid Blackrock and Vanguard Group are too influential, who are they influencing? You don't think the UNIPARTY could be part of their portfolios, do you? Meanwhile, there are these Russian oligarchs...and Chinese titans...the Rothchilds...ad infinitum.
11 people like this.
Reply 3 - Posted by:
Californian 6/12/2021 10:29:49 AM (No. 813517)
Oh noes! There is a group of people who collectively own more stuff than I do! Heavens to Betsy! There aught to be a law! Anytime anyone owns more stuff than me we need to nationalize them so we can all share equally in the wealth!
Even if, and especially so, I have done nothing to earn that wealth, I want my fair share anyway!
10 people like this.
Reply 4 - Posted by:
stablemoney 6/12/2021 10:35:50 AM (No. 813526)
This is a major concern because Blackrock, Vanguard, and State Street vote all the shares for their mutual fund and etf holdings, not the owners of the shares in those funds. In effect, these companies have individual investor proxies to vote their shares. Formerly, these institutions stuck with business, but they have now entered the political arena, climate change, social justice, liberal agendas, which views do not represent the views of many of their investors. As this article states, the institutional investors are controlling many of the major companies in our country. Exxon just had 3 directors replaced because Blackrock and Vanguard got climate change woke. That is taking over our corporations without firing a shot. Corporations no longer represent the views of the investors, but now the views of the leadership of Blackrock, Vanguard, and State Street, who have become woke. Investor, consumer, and citizenship sovereignty are disappearing in our country. Private property and individual liberty cannot survive without addressing these threats. We have to awaken to the new threats to our country, including here, cyberwar, psychops, propaganda, extremist funding to take over at the ballot boxes, and to take over corporate boardrooms. Our enemies know they cannot defeat the U.S. militarily, so now seek other ways to divide and defeat us, and they are winning, as our country has turning into a landfill of debt and ruin.
27 people like this.
Reply 5 - Posted by:
Californian 6/12/2021 10:43:07 AM (No. 813533)
Sorry for second post.
#4, if the people putting money into BR and VG don't like how their votes are proxies they can move their money.
If Exxon goes under because the wokie woke commies destroyed it they will be replaced by a better run company that isn't wokie woke and smart companies will learn that lesson and change their by;aws to prevent wokie woke commie proxy voting by intermediaries.
The system is not broken in the way you fear. The last thing we need is the wokie woke commies in our government stepping in to take over and destroy everything. That is something we can't recover from. But Exxon or whomever going wokie broke? Shrug.
13 people like this.
Reply 6 - Posted by:
Starboard_side 6/12/2021 10:59:57 AM (No. 813549)
And, believe Bill Gates is the largest private land owner, as he has bought millions of acres of farmland over the last number of years.
Remember, even in North Korea there is an elite who own things, and have lots of money. You can multiply that by millions in China. The elite are VERY rich - have been for decades, even before their recent growth and expansion.
Too much in a few hands, could become problematic, depending on how the tide shifts.
Or, Blackrock could be making a fantasitc bet on buying housing, and renting it out which pays a much higher rate of return than other assets.
10 people like this.
Reply 7 - Posted by:
bad-hair 6/12/2021 11:38:49 AM (No. 813583)
Maybe the government is printing trillions of dollars because billions don't cut it anymore. If you're a billion buck investor in a monolithic economy the profits have to come from somewhere. Pure socialism. The elites get rich at the expense of the peoples savings by inflation.
6 people like this.
Reply 8 - Posted by:
Mizz Fixxit 6/12/2021 11:52:52 AM (No. 813594)
Not good recog for Blackrock, which is on Second Amendment advocates blacklist. Of course, I understand Blackrock has a responsibility to pursue profits for shareholders, but their buy up of entire neighborhoods as rental properties has a dark motive to undermine the middle class, I think. And as inferred in the article, institutional investors don't really care if Blackrock share values are undermined by corporate woke policies. These leftist institutional investors play the long game, financially and politically.
13 people like this.
Reply 9 - Posted by:
mindsport 6/12/2021 12:08:41 PM (No. 813606)
Black Rock and Vanguard are buying real estate because they have to invest the money invested in their REITs or RE mutual funds. Investors are using these vehicles to diversify their portfolios. The risk is if investors start pulling their money out, then Black Rock and Vanguard may need to sell off some assets in what some are already speculating is a housing bubble. REIT are more protected than RE mutual funds.
5 people like this.
Reply 10 - Posted by:
sw penn 6/12/2021 12:22:18 PM (No. 813626)
People may be missing the point...
It's not that "they have more than me".
It's that they own Everything.
There is no competition in any of the major components of your supply channels.
They control everything you may be allowed "buy".
They're hiding behind "Free Markets" while they are eliminating Free Markets.
And they are using their indoctrination of "Free Markets" against you.
"Wokie Woke" Corp isn't choosing "Wokie Woke".
It's being imposed by their masters, Blackrock and Vanguard.
Blackrock and Vanguard Are behind the ESG credit score system.
If you don't know what that is, they've got you.
They will control every breath you take.
They are creating Comm-Zi World right now.
If you don't wake up, you are going to wish
you were living in just Nazi World.
12 people like this.
Reply 11 - Posted by:
TruthFetish 6/12/2021 12:41:49 PM (No. 813640)
I consulted at the V-- company for a year. That was 10 years ago, and even back then the wokeness was as thick as mud. Cass Sunstein- and Richard Thaler- ("Nudge" ) thinking ran rampant.
5 people like this.
Reply 12 - Posted by:
Newtsche 6/12/2021 12:55:42 PM (No. 813657)
Home ownership is the bedrock of building wealth and will become increasingly out of reach for individuals. As such, massive wealth redistribution, from you to the mega-wealthy. Whole neighborhoods are becoming SFR's - single family rentals. Without property, individuals will become peasants. BlackRock is at the vanguard of the Great Reset, they are not alone. More and more, we are.
4 people like this.
Reply 13 - Posted by:
Geoman 6/12/2021 12:56:23 PM (No. 813660)
I'm afraid that the OP/#10 is correct in the insidiousness of facts articulated in the article.
To go along with the dangers articulated in the article, dangers having nothing to do with the free market, look at who is running the federal government. I'd be more worried for what this portends if I had not been reminded of a very common sense solution to excesses of concentrated power. The solution "roadmap" was illustrated by an old 1950s western flick on the Western Channel a few week ago. In the movie, a typical tale of good v evil, the lead actor, one Ronald W. Reagan (playing himself it appeared), is ironing a shirt, when the female lead, Dorothy Malone, is wailing about the latest injustice committed in town by a lawless cabal of very bad men. She's wondering how the town can ever be cleaned up, when Reagan says matter-of-factly, "You can clean it up in one day. All you have to do is kill five or six people."
8 people like this.
If this article is correct, then BlackRock is in the process of empire building. The problem with empire building is that it is expensive. History has shown that empires only thrive by growth. That is, once an organization becomes larger than a certain size it costs more to administer the organization than the income generated by the pieces it acquires. Many organizations successfully empire build by looting value from their new acquisitions, but, in time, they have to start putting value in to those no longer new acquisitions.
The perfect way to understand this comes from an article I read which talked about school consolidation. A one room school house needs a teacher, a maintenance guy, and a building. if you consolidate two one room school houses, you save money because you still only need two teachers, a maintenance guy, and one building. But once you get to four or five consolidated, you need a principle in addition to the teachers and maintenance men. When you get to something like a city school district you have added a bunch of administrators and other people who do nothing towards producing your end product (educated students). Pretty quickly the cost of those people exceeds the savings in reduced buildings and the bureaucracy that comes with those administrators and staff drives up cost and reduces productivity.
6 people like this.
Reply 15 - Posted by:
Flyball Dogs 6/12/2021 1:56:02 PM (No. 813711)
Re #10, I just read a Twitter thread and Feb 2019 article in The Atlantic re this issue. Eye opening.
This is not a benign issue.
7 people like this.
Reply 16 - Posted by:
DVC 6/12/2021 4:38:55 PM (No. 813833)
I had my investment accounts scrubbed of all BlackRock funds last year.
BlackRock is evil.
I won't give them any support.
5 people like this.
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This is the most important thing too few know about or are talking about. Blackrock and Vanguard must be broken up through Anti-Trust actions or Capitalism and Freedom are dead.