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Progress Residential/Blackrock are choking out the home real estate market

 
Rick Deez Nuts

User ID: 39849758
United States
06/27/2021 08:20 AM
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Progress Residential/Blackrock are choking out the home real estate market
I’m Arizona, senator Kelli Townsend is calling out blackrock investments for buying up all of the real estate (even whole neighborhoods) and jacking up the rent. Progress residential likely has ties to blackrock. Progress residential has popped up all over the country. This is a coordinated attack on The American Dream of home ownership.

Are you seeing overpriced rentals in your area by Progress residential? Florida seems like another hotspot for their BS.

[link to www.zillow.com (secure)]

This should rent for about $1050 a month. Progress Reaudential is asking $2150 a month.

Anyone done any research of these guys?
Anonymous Coward
User ID: 24488577
United States
06/27/2021 09:12 AM
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Re: Progress Residential/Blackrock are choking out the home real estate market
I’m Arizona, senator Kelli Townsend is calling out blackrock investments for buying up all of the real estate (even whole neighborhoods) and jacking up the rent. Progress residential likely has ties to blackrock. Progress residential has popped up all over the country. This is a coordinated attack on The American Dream of home ownership.

Are you seeing overpriced rentals in your area by Progress residential? Florida seems like another hotspot for their BS.

[link to www.zillow.com (secure)]

This should rent for about $1050 a month. Progress Reaudential is asking $2150 a month.

Anyone done any research of these guys?
 Quoting: Rick Deez Nuts


Arizona is a favorite target for them, so is Las Vegas. The Vegas RE / rental market is controlled by a different company (purchased by Blackrock). There is also the Atlanta and Houston Markets, again different companies but owned by BR.

But yes, this is exactly what is happening. BR buys huge swaths of neighborhoods, and out bidding individual buyers by 20-50%. These places are not kept up but are rented at exhorbitant prices. In effect BR is creating a fake bubble, but they don't care. Why? Becuase they are becoming the monopoly in desirebale single family homes in "good school districts".

The game is this: Buy America and rent America back to Americans.

There waas an entire analysis and presentation by a YouTuber about this months before this story hit the MSM.

PS: The investors within the pools of money BR uses are foreign.
Anonymous Coward
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United States
06/27/2021 09:31 AM
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Re: Progress Residential/Blackrock are choking out the home real estate market
agenda 21
Rick Deez Nuts  (OP)

User ID: 39849758
United States
06/27/2021 09:59 AM
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Re: Progress Residential/Blackrock are choking out the home real estate market
Thanks for the great replies. We really need more eyes on this bullshit. I would assume China is involved somehow.
Anonymous Coward
User ID: 24488577
United States
06/27/2021 10:33 AM
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Re: Progress Residential/Blackrock are choking out the home real estate market
Thanks for the great replies. We really need more eyes on this bullshit. I would assume China is involved somehow.
 Quoting: Rick Deez Nuts


More like ME and Indian types
China doesn't use strawman BR, china buys outright in the open.

Either way, its foreigners. Middle-class and below are barred from home ownership. This will result in a permanent underclass and prevent anyone storing / acquiring any wealth above paycheck-to-paycheck living.

The next phase is even uglier.
Anonymous Coward
User ID: 78198701
Moldova, Republic of
06/27/2021 10:34 AM
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Re: Progress Residential/Blackrock are choking out the home real estate market
trump be like "fuck yes! mah blackrock stock is fucking the little guy!!!!!!!!!!!"
Anonymous Coward
User ID: 65853998
United States
06/27/2021 10:34 AM
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Re: Progress Residential/Blackrock are choking out the home real estate market
bump
Weyoun

User ID: 80247245
Canada
06/27/2021 11:22 AM
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Re: Progress Residential/Blackrock are choking out the home real estate market
Thanks for the great replies. We really need more eyes on this bullshit. I would assume China is involved somehow.
 Quoting: Rick Deez Nuts


China doesn't use strawman
 Quoting: Anonymous Coward 24488577


You've never read sun tzu. "All warfare is based on deception."





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