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The move BlackRock will do, based on their history, is to incentivize increases in adjacencies to drive value. What I mean by that is that they will, for example, encourage new office complexes in locations favorable to their new rental domains. Think SF bay area’s natural and warped logic locating massive complexes on the peninsula or ST instead of Fremont/San Jose.

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Right, but the greater the share of the market you own, the less you have to invest in making your offering more attractive, and the more you can start simply increasing rents.

They along with others are trying to build a monopoly/oligopoly in housing. Naturally we would expect regulations against this, but the fact that it's going this far is a bad sign.

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