Business

No Evidence of BlackRock Buying Up Entire Neighborhoods

Maxim SorokopudMaxim Sorokopud
date
10th June 2021
Last update
date
10:14 pm
10th June 2021
No Evidence of BlackRock Buying Up Entire Neighborhoods
BlackRock is among several companies that buy homes (Getty Images).

Emerging story

A viral Twitter thread made claims regarding the asset management company BlackRock. The opening tweet in the thread stated that Blackrock was purchasing every single-family house that it could locate for significantly above asking prices. In fact, the figure given in was 20-50% over the asking price. This opening tweet in the thread linked to a Wall Street Journal article as evidence to support the claim. 

Follow-up tweets made further claims about BlackRock and other powerful companies buying up entire neighborhoods. The thread claimed that these actions were a part of The Great Reset, an attempt to consolidate wealth to the top of society and establish a new form of Feudalism. 

This thread went viral, with the initial tweet in the thread alone gaining over 17,300 likes and 13,000 retweets within 24 hours. A number of similar tweets have repeated the claim. 

A supporting image within the article body
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classificationMisleading

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