Right. What rate are they borrowing at? Because the average American right now, I think the average mortgage interest rate is somewhere around 7%. Now. Okay, BlackRock's borrowing at like 1.5, 2.5%. Right. So if they're paying a much lower cost for bought for debt than the average American, then they have a huge advantage. They buy up all the homes, they jack up all the costs. (1:10:08–1:10:12)
CLAIM
Asserts that BlackRock borrows at interest rates between 1.5% and 2.5%.
This is an excerpt from a raw transcript. The assertions have not been audited or verified. Tap the video to view the source footage and understand the context.
