How BlackRock Helped Kill the American Dream
One Home at a Time
How BlackRock Helped Kill the American Dream
One Home at a Time
Remember when the American Dream was a white picket fence and a home you could actually afford? Yeah, BlackRock remembers too, and they’ve figured out how to profit off making sure you never get it.
For the average American, owning a home has always been considered a rite of passage. A symbol of stability, of making it. But in the past decade, the price of homes and rent has skyrocketed, turning what was once a milestone into a distant fantasy for millions of working people. It’s not just inflation, it’s not just supply chains, and it’s not just millennials buying too much avocado toast. A massive player in this affordability crisis is BlackRock, the world’s largest asset manager, with over $10 trillion in assets under management.