Interview · moment 3 of 21
BlackRock, Vanguard, and the Corporate Buyout of American Homes
from Bobby & Cheryl | The Tim Dillon Show #360 · #360
8 min
Guest
RFK Jr. lays out how BlackRock, State Street, and Vanguard dominate the S&P 500 and are buying up single-family homes across America, driving up prices and locking young people out of homeownership.
- Ubiquitous experience of cash offers snatching homes from buyers right before escrow.
- BlackRock, State Street, and Vanguard own each other and control 88% of the S&P 500.
- These three companies are on track to own corporate control of 60% of single-family homes in America within six years.
- Cash offers usually come from LLCs with shell corporation names that trace back to Vanguard, State Street, and BlackRock.
- Larry Fink, CEO of BlackRock, sits on the World Economic Forum board promoting the Great Reset.
- World Economic Forum's stated goal: "You will own nothing and you will be happy."
- Wall Street Journal and other publications running articles promoting shrinking houses and less living space as a trend.
- Young people competing against BlackRock for homes while BlackRock gets the lowest interest rates on the planet.
- Kids with 600 credit scores pay 10% interest while competing against investors getting 3% rates.
- Without home ownership, people stop caring about their communities, schools, and investing in making neighborhoods better.
Black RockState StreetVanguardLarry Finkprivate equityWorld Economic ForumD.R. HortonLos AngelesSan Francisco