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Concerned About BlackRock Pricing Out Home Buyers? Wait Until You Hear How Connected They Are To Gov’t

(Fabrice Coffrini/AFP via Getty Images)



BlackRock gained attention earlier this year after it was reported the asset manager was pricing middle class buyers out of the housing market, but the Wall Street firm has also become an increasingly influential player in the U.S. government.

Institutional investors, primarily banks and asset managers, have been buying up single-family houses to rent in recent years, a business model that could become a dominant force in the housing market and change the nature of home ownership, The Wall Street Journal reported in early June.

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