Dumbass that posts with this account doesn't even watch his own clip to notice that it'sBLACKSTONEthat's making the presentation.
Wall Street Apes @WallStreetApes
BlackRock and Private Equity Firm housing scam EXPOSED
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They are buying up entire new housing developments, sometimes 500 units
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They’ll buy the houses at $300k per home
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They won’t sell it right away, they’ll keep the area looking like a construction zone for a year
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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
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That creates 3 comps in the neighborhood
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They do one of each of the models, and now the entire neighborhood, each house is valued at $700,000
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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.”
https://twitter.com/WallStreetApes/status/1959781788588605754