Wall street wants to buy all the houses?

Our friend Keir has been having lunch with Larry Fink of Blackrock. Keir wants to improve housing, and Blackrock and Blackstone have lots of other people’s money to invest

He wants to build lots of houses, and Larry has lots of other people’s money.

Interestingly the Donald, in his State of the Union address, wants to limit the amount of single-family homes that Wall Street can invest in. Elisabeth Warren, a democrat has a similar but different approach.

This will also limit the number of single-family homes that big investors can own.

In the United Kingdom, we are going in the opposite direction.

Strangely the republican party is trying to protect the individual homeowner, but the UK Labour Party is in favour of big business.

If the US has tried this approach and now can see that it is counterproductive, why should we be doing this?

David