Blackstone prepares a $50B fund for the coming housing downturn Will these corporate capitalist greed ever leave anything affordable to common folk? Swamping anything they can get their hands on. https://www.wsj.com/amp/articles/blackstone-puts-finishing-touches-on-record-real-estate-vehicle-11658349652 https://www.zerohedge.com/markets/blackstone-prepares-record-50-billion-snap-real-estate-during-coming-crash #housing
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ZH article? Gtfoh with that...
Lol, what a retard
Is it Blackstone or Blackrock ?
My bad, updated. Thanks
Rents will fall, then they'll be fucked even if they buy up a bunch of properties. Prices will most likely fall for a while, too. That makes any funds they try to deploy into losses. Maybe I'm too optimistic.
ZH article by Tyler Durden, spot on
Not these guys again...
Do not worry, they did earnings today and it was bad. They are always raising money as they are fees business.
Why would they care about plebs? They work for rich people
There should be laws to not allow residential real estate investments by Corporations; fucks up the whole thing for peasants like us.
Who becomes landlords then?
Rent control will squeeze out regular landlords, someone has to fill in that gap.
“You will own nothing and you’ll be happy”