Blackrock has come to my city(sacramento) and has been buying up every home under $300k. There are literally only a few weeks of existing home inventory in the whole county. Somewhere between 1,000 to 1,500 homes in a county of 1.4 million. Funny how in 2004-2005 it was the general population that was buying up homes and hoping to capture appreciation on the backend. Now hedge funds and investment companies are doing the EXACT same thing. I can already see mom & pop next year. "Hey look at BLK...its doubled in value in 6 months and pays a dividend. Lets put all our retirement money into their stock because they must know what they are doing" I don't know if anyone else is seeing their market explode (especially in the last few weeks), but this is definitely 2005 all over again in my city. Planning my exit strategy already.