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.”