Robert F. Kennedy Jr. has been promoting a conspiracy theory about the rich getting richer while the poor are being priced out of their homes. The conspiracy theory he purports is that certain individuals, who he claims are involved in a shadowy network of connected business people, are actively manipulating the housing market to keep housing prices high. He has suggested that banks, investment banks, hedge funds, and other financial institutions are working together to keep the housing supply low so that those with the financial means can buy up properties and keep the prices artificially high.
The problem with this theory is that there is no clear evidence to suggest that any of his claims are true. Furthermore, it ignores the fact that home prices naturally vary due to economic factors such as inflation, unemployment, and income inequality. It is also unclear how those who are supposedly manipulating the housing market would benefit from keeping prices high, given that higher prices tend to reduce demand. These details make it seem as if Kennedy’s theory is missing some important pieces, providing a “black hole” of detail that prevents his claims from adding up.
