Re:If you sell a house these days, the buyer might be a pens...
by the_optimist on Wednesday June 09, 2021 @01:17PM
(#27450520)
If you’re politically connected and influential, you get bailed out. Also, Blackrock is intermediating people’s pensions, so they’re ultimately just levering up retirees against the future generations of home buyers (empowered by the Fed). Think the politically connected Fed/DC/Davos crowd is simply going to just hand over power and influence?
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Re:If you sell a house these days, the buyer might be a pens...
by mumblemumble on Wednesday June 09, 2021 @01:20PM
(#27450552)
Aha. So, basically, there are some failures in this particular market that make it more difficult for prices to correct themselves?
Re:If you sell a house these days, the buyer might be a pens...
by quickthrowman on Wednesday June 09, 2021 @02:01PM
(#27451044)
The Fed buying $40B of MBS bonds a month sure isn’t helping