BlackRock buying houses isn’t to blame for the chaotic housing market - Vox

The boogeyman isn’t who you want it to be.

There has to be somebody to blame. Housing prices have yanked the dream of homeownership out of the desperate, clutching hands of millions. Countless tenants don’t even have that dream, chafing under the increasing rent burdens they are forced to bear. And to top it all off, the rich just keep getting richer: The stock market is booming, homeowners have accumulated more than $1.5 trillion in equity since the Covid-19 recession began, and personal savings are up for most higher-income households. Enter, stage right: Wall Street. Some people are furious over reports that institutional…

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