Private equity firms like BlackRock are purchasing entire neighborhoods of single-family homes and turning them into rentals, fueling a speculative housing bubble and destroying the opportunity for home ownership by the middle class. Twitter analyst @APhilosophae wrote that BlackRock is the worlds largest asset manager and the leading proponent of The Great Reset. BlackRock is looking to redistribute as much as $120 trillion dollars! The World Economic Forum's Great Reset agenda is a wealth transfer scheme. It promotes the abolition of private property by 2030, under the guise or fighting climate change, saying saying "you'll own nothing and be happy."
As the real estate market continues to break records, a cabal of institutional investors has been tossing gasoline on the fire – buying up properties hand-over-fist as middle-American renters watch their dreams of home ownership fade at the hands of pension funds and other financial behemoths.
"That's going to make U.S. housing permanently more expensive," said Burns, who thinks home prices will climb as much as 12% this year, on top of last year's 11% rise.