Updating post from Reddit.
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Posted by RagerRambo 6 days ago
How Blackrock are quietly buying up British Property
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Posted by RagerRambo 6 days ago
Nothing surprising to those here. It was clear as far back as the early 2000s each tax policy change made it more lucrative for corporate investors to own property, compared to small UK landlords. And what's been the genius part is keeping themselves out of the focus and diverting hate towards small landlords.
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Posted by nibor 6 days ago
And if you want to see an even worse example of the impact of this then observe the current Irish Property situation and how that was made worse by Vulture Funds. Its not expressly stated in the link but this was directly due to the 2008 global crash which killed the Celtic Tiger and resulted US firms coming in and buying discounted property from mortgage defaults.
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