This is a huge problem. You should propose a bill in the California State House. We've had one. It didn't get very far last year. And there's more conversations. A $10 trillion fund shouldn't be able to come in. Not just BlackRock specifically. I mean, this is what's happening in this space. Mass, mass, mass. Asset managers that have a billion dollars, $50 billion asset under management are now competing against our college grad from, by the way, Cal State Fullerton. (1:04:16–1:04:20)
CLAIM
Asserts that large asset managers, like those with $10 trillion funds, should not be able to purchase homes.
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