Comments by "worn down" (@worndown8280) on "Wall Street is DUMPING HOUSES at Big Losses (Blackrock Firesale?)" video.

I believe the phrase is "irrational exuberance". Seriously though, the party has to keep going if everything you "built" is based off over leveraging debt. Which it can't but never underestimate the ability of humans to be delusional.
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@dreadassembly4087 I have relatives that do likewise. Unfortunately their is only one outcome. I take it your mother lives beyond her means? Is it because she spends to much or because her fixed income does not stretch as far as it once did?
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These companies manage money for a return. The boomers are almost all retired so these companies have to liquidate so those who are retiring can get their money and put it into treasuries. At the same time they are being hit with higher loan costs, all time inflation, and a deflating portfolio. Most people are only looking at the homes these properties these people own. They fail to look at the totality of their assets. Most of these companies wont survive this downturn. And with higher loan costs and less people investing there will be less capital to leverage into the market.
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@norstrandathletics For Blackstone, less than 10% is owned by individual insiders. The vast majority, over 60%, is owned by institutional investors that EVERYONE has their money in, Vanguard, Morgan Stanley, JP Morgan, AIG, etc etc. These people are just investing other peoples money. Thats why normies are always left holding the bag. And when normies get tired of holding the bag and sweat they will never ever ever hold the bag again, thats when the the big boys go back into the market. "They" dont have to do anything to the market. Normies who have an utter lack of market sense do that for them.
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You mean like the Chinese did to their own housing market? The Chinese are like the Japanese of the 80s, looking anywhere they can to park their money. Because any place is better than at home.
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