Viewing a single comment thread. View all comments

symonym7 t1_jace07q wrote

Reply to comment by Acocke in ‘A housing market for almost no one’: Rising prices and interest rates have made home buying feel impossible - The Boston Globe by uxd

I’m sure BlackRock will be happy to buy up a significant portion of the boomers’ housing stock and we’ll all be renting from them within 20 years.

12

Acocke t1_jacghhy wrote

And who owns Blackrock? Pension plans that will need to pay out or is there another major generational asset holder I’m missing?

5

symonym7 t1_jackch6 wrote

I’d imagine companies like Blackrock would be paying out pensions in part using rent from properties they own/will own. My understanding of this is abysmal, but it fits the boomers-siphoning-wealth-from-younger-generations narrative fairly well.

Meanwhile, my social security deductions for February would cover ~3wks of groceries.

6