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Let’s zoom out. BlackRock, through its subsidiary Invitation Homes, owns more than 80,000 single-family homes across the U.S., making it one of the largest landlords in the country. Vanguard and State Street aren’t far behind, with stakes in similar companies like American Homes 4 Rent and Tricon Residential. When companies like these enter the housing market, they don’t shop like you or me. They bulk-buy entire neighborhoods, armed with war chests of cash. A study by the Federal Reserve Bank of Atlanta revealed that investors accounted for over 30% of home purchases in some U.S. cities in recent years. Guess what? Ordinary families can’t compete with cash offers that skip inspections and outbid them by tens of thousands of dollars. https://mikebaytoday.substack.com/p/the-housing-crisis-monopoly-how-blackrock