BlackRock's Home Buying Strategy

I'm gonna comment about this, and I'm gonna shock you.

People from BlackRock are going door to door

offering to buy homes

now. They say, "Whatever you do with the insurance

company is your

business. Fix what you want or don't.

Here's a price we're willing to pay for your home now."

BlackRock is going door to door. You think this

happened by accident? The dams have been

emptied by Governor Newsom for no good reason.

The hydrants are empty for no good reason.

LA had its rainiest season this year since the

'20s. In a hun-- almost a hund-- ninety years, a hundred years ago,

it was the rai-rainiest season, and there's no water in the reservoirs.

Three months ago, State Farm, the big insurer

in LA, just happened to cancel

everybody's fire policies because the

governor decided not to allow State Farm to increase

their prices, so people now have no insurance.

Do you think this happened by accident?

One thing I learned over years on Wall Street, follow the money.

Who's gonna profit by this? Not who's getting hurt.

Who's gonna profit by this? BlackRock is going door

to door making offers now for cash.

Generous. They want to take everybody's homes.

This is the business they're in. It's not a secret.

This has been highly organized, and as I've been saying,

more is coming. Pay attention.