Topic: Reit

Investment firms BlackRock and Vanguard, which manage a combined $16 trillion in assets, are reportedly buying up single-family homes across the United States at significant markups. This trend is described as a massive wealth transfer that prevents millennials and middle-class families from building equity. Critics argue this practice should be outlawed to protect the American dream of homeownership.

Institutional investors and Real Estate Investment Trusts (REITs) are reportedly buying up single-family homes to convert them into permanent rentals. This trend is linked to the World Economic Forum's "Great Reset" concept where individuals own no property.