BlackRock’s shell company scam to skyrocket the cost of entire neighborhoods 🤬🤦‍♂️🤮 “They're stealing the American Dream”

BlackRock’s shell company scam to skyrocket the cost of entire neighborhoods

BlackRock is buying homes at lower values and then selling those homes to themselves, to shell companies, for hundreds of thousands more. Here’s how the scam works

- Step one, the identify middle class neighborhoods with growth potential
- Step two, they buy hundreds of homes in cash, 20 to 30% above asking price
- Step three, regular families can't compete with unlimited corporate cash, they buy about 50+ homes in the neighborhood
- Step four, once they control enough inventory, they sell a few homes to shell companies that they already own with inflated prices, hundreds of thousands over what they bought them for
- Step five, those inflated sale prices become the new market rate
- Step six, your property taxes. And this is where it gets crazy. Your property taxes triple based on these fake sales

“So the Family that saved for 10 years to buy their first home outbid by a corporation with infinite money. The elderly couple who owned their home for 40 years forced out by property taxes they can't afford. Meanwhile, and this is where all the good money comes in for them, BlackRock rents these homes back to the same families they priced out”

“They're stealing the American Dream”