Perspective on housing;
Fact Check: Does The Federal Reserve Own 21 Percent Of All Mortgage Bonds, Fueling Housing Inflation, Bubble?
Not happy with owning all the mortgages, the FED has pumped money into Blackrock directly to buy up houses.
Blackrock is buying every single family house they can find, paying 20-50% above asking price and outbidding normal home buyers.
https://threadreaderapp.com/thread/1...970140676.html
Fed mortgage securities purchases draw fire in white-hot US housing market
https://www.spglobal.com/marketintel...arket-64425193
https://www.snl.com/articles/408260972.png
GOV is trying to avoid a repeat of the meltdown of mortgage backed securities so, it is buying up all the securities AND the houses.
Fact Check: Does The Federal Reserve Own 21 Percent Of All Mortgage Bonds, Fueling Housing Inflation, Bubble?
Not happy with owning all the mortgages, the FED has pumped money into Blackrock directly to buy up houses.
Blackrock is buying every single family house they can find, paying 20-50% above asking price and outbidding normal home buyers.
https://threadreaderapp.com/thread/1...970140676.html
Fed mortgage securities purchases draw fire in white-hot US housing market
https://www.spglobal.com/marketintel...arket-64425193
https://www.snl.com/articles/408260972.png
GOV is trying to avoid a repeat of the meltdown of mortgage backed securities so, it is buying up all the securities AND the houses.
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