If I remember Biden was looking into taxing unrealized gains for mortgages, which really translates to ensuring BlackRock goes from owning 95% of the housing market, to BlackRock owning 100% of the housing market.
I think what it would actually do is make sure we'd have a civil war sooner rather than later. Blackrock will own 0% of the real estate market if they're all hanging from lampposts.
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