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The New American
The New American
8 Nov 2023
David Deridder


NextImg:RFK, Jr.: "Black Rock Wants to Own Every Home" - The New American
AP Images
Robert F. Kennedy, Jr.

One of the primary issues Robert F. Kennedy, Jr. is calling attention to in his 2024 presidential campaign is housing affordability. Kennedy stated that BlackRock, State Street, and Vanguard own 88 percent of the S&P 500, and are now focusing their investing on purchasing single-family homes.

Kennedy warns, “So BlackRock wants to be everybody’s landlord and everybody’s neighbor, but I’m not going to let that happen,” and his solution is to create a federal program backing mortgages at three percent for first-time home buyers, as well as removing the incentive for corporations to purchase single-family homes.