not the Chinese as the kike shills are telling us

https://www.zerohedge.com/economics/wealth-redistribution-blackrock-and-other-institutional-investors-buying-entire

This Is Wealth Redistribution": Blackrock And Other Institutional Investors Buying Entire Neighborhoods At Huge Premiums

Tyler Durden's Photo
BY TYLER DURDEN
SATURDAY, JUN 12, 2021 - 11:00 AM
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.
"You now have permanent capital competing with a young couple trying to buy a house," according to real estate consultant John Burns, whose firm estimates that in many of the country's hottest markets, roughly one 20% of homes sold are bought by someone who never moves in.

Home equity is the main financial element that middle class families use to build wealth, and black rock, a federal reserve funded financial institution is buying up all the houses to make sure that young families can’t build wealth.