I don't fully agree with it, but the criticism of the Federal Reserve that makes the most sense to me is that it gives massive corporations a lower cost of money than the average American. Right. So Part of the reason BlackRock has been able to buy all these homes is you ask, well, what is BlackRock borrowing at? 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%. (1:09:55–1:10:01)
CLAIM
Suggests that BlackRock's ability to purchase homes is linked to the interest rates they borrow at.
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