Is BlackRock Involved in Increasing Property Taxes to Force Home Sales Across the US? | Joe Hoft

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Is BlackRock Involved in Increasing Property Taxes to Force Home Sales Across the US? 

Is BlackRock involved in increasing property tax rates which force home sales across the US? 

BlackRock, with over $10 trillion in assets is the largest asset manager in the world.

BlackRock’s makes most of its money handling investments for outside clients, mostly institutions like public pension plans, endowments, and foundations.

Nearly 60% of its overall assets under management are for institutional investors, most of which are products linked to stock markets. It also has a sprawling alternative investments business that oversaw some $265 billion in assets under management as of December, managing products across private equity, private credit, and hedge funds.

Larry Fink w Blackrock

Blackrock was founded by Larry Fink and its massive technology platform oversees at least $21.6 trillion in assets.  This includes trillions managed by other companies that use Blackrock’s Aladdin investment system.

BlackRock is a partner in the World Economic Forum and it has been prominent and instrumental in making corporations adhere to Environment, Social & Governance (ESG) controls and corporate diversity. It also is pushing a “net zero” effort by 2050.  Actions like these have led to many to question the company’s motives.

BlackRock also has ownership interests in smaller companies. One such company is Tyler Technologies.

So, BlackRock can influence countries, central banks, major corporations, news outlets, smaller companies and even own downtown office buildings, but how does that effect Mom & Dad, living at 123 Anywhere Avenue, Kansas City, Missouri?  With the tremendous amount of assets under its watch, Blackrock could make a huge dent in world markets and assets. Could it do the same to US neighborhoods?

Many fear that BlackRock could take over large segments of communities across the US which may have led to the company claiming that it did not purchase individual homes in the US.  

Where did this theory ever come from?  While this takes a bit of connecting the dots, let’s start with a few dots.

Dot One: The news has reported “institutional buyers” have been purchasing homes at record numbers, many purchases are for all cash and many home sales close in a matter of days. These all cash and quick purchases have been beneficial to sellers.

Dot Two: The National Association of Realtors, Research Group reported for 2021, that 13.2% on average of all US residential properties and 16% of all homes specifically in Missouri, were purchased by institutional buyers.

Dot Three: In a 2021 Twitter post (now X), it was posted that “BlackRock is buying every single-family house they can find, paying 20-50% above asking price and outbidding normal home owners.”

Dot Four: Tyler Technologies, partially owned by BlackRock, was given a $17.9 million dollar contract to revalue all homes in Kansas City and all of Jackson County, Missouri for Tax Year 2023. (see article below)

Dot Five: The increase in property tax assessments had the majority of single-family homes increased 30% or more and some reaching over 100% plus in taxable property assessment. This essentially placed many home owners in the negative situation to possibly lose their homes due to the inability to pay the excessive increase in property tax.

See article posted on Thursday related to recent events in Jackson County, Missouri where the Missouri AG and Missouri Auditor stepped in to investigate the saturation.

BREAKING EXCLUSIVE: Missouri AG and State Auditor Taking on Unlawful Excessive Property Tax Assessments Affecting Hundreds of Thousands – Blackrock Owned Firm Involved

Dot Six: In recent times, we have heard the comment pertaining to the World Economic Forum that: “You will own nothing and be happy.”

This all leads to the following question – Is BlackRock working in conjunction with Tyler Technologies and others to tax people out of their homes, allowing institutional investors to purchase houses at tax sales prices?

Henry Kissinger

This may seem like an unlikely scenario, but we have seen a lot of unlikely scenarios come true these days.  Most Americans have seen their property taxes go up extraordinarily this past year.  The new payments place stress of families already challenged by Biden inflation.  Is this all planned?

What are your thoughts?

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