It has been 65 games, or 461 days, since a player for Bristol City, a mainstay of English soccer’s second-tier league, lined up to take a penalty kick. The nearing record-setting drought has baffled the team and its fans.
https://t.co/DVD7UvXMLf
@phillipsclairel@SteierMisha I agree in principle, but large asset managers, and BlackRock in particular, play a miniscule role in the housing/rental market compared to small, private investors, and their impact pales in comparison to that of schemes which block housing being built to begin with.
@turnipator1 @SteierMisha BlackRock actually has very little involvement in the housing market. The original version of the article had an error - BlackRock simply owns a small stake in Invitation Homes, which owns 80,000 units. So it is entirely true that NIMBYs do far more damage than BlackRock.
@SteierMisha BlackRock owns 80,000 units, but at least they exist and can be lived in. Admittedly vague "millions" would make a far larger impact on prices if they were actually built. Simple supply and demand.