BlackRock stole your future. They are a multi-national investment firm and the largest asset manager in the world. They function as a monopoly, buying properties, including family-sized homes, and raising the cost of living.
These property owners coordinate with one another using rental data and market analytics tools to maximize profits. The price? Your ability to own or rent housing. An example is RentCast, a software that allows greedy investment firms to lock you out of affordable housing by matching prices to the highest amount the average person is willing to spend.
Worse, the United States government makes no effort to curtail their monopolistic power. With billions at their disposal, they easily outmaneuver local markets, ensuring maximum profit at your expense.
Living affordability has reached a critical level in most parts of the world. Young families cannot sprout under these conditions. They don’t possess the finances to support children, which is why we’re seeing a birthrate collapse in Western countries.
Being able to afford a home is also a comforting psychological blanket. The stress placed on individuals and young families due to economic hardship needs greater focus in government discussions about the consequences of inflation, both natural and artificially raised by international investors that disrupt local economies.
Not being able to call a place an actual home leaves one feeling as if they have no serious investment in the country. We’re quickly entering a subscription era, where everything we “own” is on a “renting” basis. BlackRock supports this subscription-based lifestyle because it fattens their pocketbooks.
Housing is also limited because comparatively fewer residential homes are being built. It’s far more profitable to develop larger properties that fall outside the monetary range of the average American. Contractors aim for these bigger projects because they net the most profit—they’re selling to wealthier clients rather than middle-class or poor families.
Neighborhoods learn the hard way that they are at the mercy of large investment agencies like BlackRock. Traditional, quiet communities are being transformed by corporations invading their streets. Wealthy financiers purchase all the homes and then, through the power of monopoly, squeeze every dime out of their renters. Quality of life is not a part of the equation.
Our only hope is to pressure local governments to insulate communities against the ravaging, greedy practices of these investment firms. Encouraging the construction of family-sized homes, also known as starter homes, will entice people to have families. It will also reduce the survival stress felt by those now scraping by.
None of those are likely because the same people who took an oath to protect our interests have already sold out to the same investors that are terraforming our neighborhoods into corporate hellscapes. We commit communal suicide by relying on the same corrupt leaders to rescue us from a grave they dug. Taking personal and political action ourselves is our only chance at stemming the tide of international opportunism.
Comments to the editor are welcome: thedeidaily@gmail.com