Another interesting video here:
TL/DW, there is a concern with “Wall Street” buying up single family homes, it’s still a small part of the overall market for now at least.
And “Blackrock” isn’t really a player in buying up single family homes (although they are involved in building new rental communities), although a different company called Blackstone is.
So digby wrong again, but more of a name mixup and not nearly as dumb as his usual takes. @Frozenbeernuts and @shorepatrol take the cake for dumbest takes in this thread for their claims that bitcoin will help the housing market or that corporations are happy to throw away $25K+ if they can’t rent out the houses for a year after buying them.