BlackRock is actually BASED and NIMBYs are the real problem - effort post

The "evil corporations buying all our houses" narrative is getting pushed HARD by both leftists and conservatives, but it's pure cope. Here's why:

The ACTUAL Problem: Local Democracy and NIMBYism

• About 65% of Americans own homes, and voter demographics skew heavily toward homeowners (older, more politically active)
• These homeowners form a powerful voting bloc that consistently opposes new housing development to protect their property values
• Basic supply and demand: artificially restricting housing supply = prices go up

How BlackRock Helps:

• Large investment firms are among the few entities with enough capital to fund major housing developments
• They're literally trying to build high-density and mid-density housing in urban areas
• More housing units = lower average prices = more affordable housing for everyone

The GIGACHAD Take You SHOULD Have: Investment firms buying properties and building rental units actually HELPS break the NIMBY death grip on housing policy. When fewer people own homes, there's less incentive to vote for restrictive zoning laws and anti-development policies that keep housing artificially scarce and expensive.

Both leftists and conservatives are trying to find a corporate boogeyman when the real problem is NIMBYs voting against apartment buildings in their neighborhood because "muh property values" and "neighborhood character."

Edit: BlackStone is actually the company (one of many) that is buying up properties. BlackRock is like Vanguard and is an asset manager that deals mostly with securities (like stocks). BlackStone is a private equity firm that directly invests in real estate.