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Noaidilast Wednesday at 9:00 PM4 repliesview on HN

If "Black rock isn't buying up all the housing" then how do you explain why Blackrock lost $17 billion in capital today?

https://xcancel.com/KobeissiLetter/status/200899449445747946...

It matters, you just dont want to know it matters.


Replies

OGWhaleslast Wednesday at 9:41 PM

I don't think a stock market reaction is a good way to measure their impact on the housing market. It's not that they aren't involved in the market, it's that their impact is questionable given the relative size of their participation.

jcranberrylast Wednesday at 11:31 PM

The tweet says blackstone. Thats a separate firm from blackrock. And the tweets misleading in the first place, it's looking at the bottom of a candle which wasn't even the current price at the time of the photograph? And the stock closed at about 154.

Besides all this says is that it matters for blackstone...not for the housing market at large.

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WackyFighterlast Wednesday at 9:33 PM

A hit in the stock price doesn't prove or disprove their claims. What would disprove their claims is the number of properties Blackrock is buying and if it is affecting pricing at the margin.

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rcptlast Wednesday at 9:47 PM

Now explain Tesla stock.