Debunking the Wall Street Homebuying Myth

The misconception that Wall Street, particularly companies like BlackRock, is buying up vast quantities of homes is addressed and debunked. In reality, it is Blackstone that participates in home purchases, accounting for a mere fraction of the housing market. Analyses over the years reveal that institutional buyers, including Blackstone, only purchased about 200,000 homes from 2011 to 2017, representing less than 0.6% of the market total of over 35 million homes. This narrative has been repeatedly manipulated to foster a distrust of Wall Street without acknowledging the significant role of individual investors, often referred to as 'mom and pop' investors, who dominate the real estate market.