Slumlords in Suits. Meet Your New Neighbor.
The pacification of the equity market wasn't enough. Now, this group is coming fast and hard for what's left of the Middle Class' historical shot at retirement and their diginity.
Correction: A previous version of this story said that BlackRock, Vanguard, and State Street had combined ETF assets of $11 trillion. That is incorrect. The three companies have a combined $22 trillion in global assets, and control about 75% of the $7 trillion US-equity ETF business.
Dear Fellow Expat,
If you need further proof that our entire system is designed to make bankers wealthier… and rip every dollar from your hand… consider this message on Tuesday.
“Institutional investors may control 40% of U.S. single-family rental homes by 2030, according to MetLife Investment Management.”
If this figure holds, it’s game over for Millennials and Generation Z.
As they say: “You’ll own nothing and be happy.”
Institutional players like BlackRock, State Street, and Vanguard on the other hand…
Well, they’ll own everything and be happy.
And that will happen because our system all but assures that wildly skewed outcome.
Here’s how…
Regular Americans Will Be Lucky to Get the Crumbs
Over the last year – June…
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