Blackstone Comes to Collect: How America’s Largest Landlord and Wall Street’s Highest Paid CEO Are Jacking Up Rents and Ramping Up Evictions

3 comments

1. Oh..no..no…it’s the boomers who don’t want to sell their biggest chunk of lifetime wealth to the far right extremists libertarians bros so they can keep skyrocketing rents in the free of consequences market….🤑

2. 300,000 rental units in USA doesn’t seem as much as I thought Blackstone owned. I realize they’re not the only landlord, but they’re the biggest, so if you were to even integrate an assumed linear function of 50 more PE firms I’d assume that would only be in the 7 million home range… So Jack that up to 100 PE firms with a linear decay starting from 300,000 and you still are only at 15 million homes under landlord ship… Which still seems low considering there are approximately 145m homes in the US… ~5-10%

   I’m not saying this accumulation of homes isn’t a bad thing.. I’d like to see more rent control, income gaps decreased across the board, and/or ability to buy homes… But who is this affecting the most long term, versus short term? I assume folks on here will say lower and middle class…

   But Won’t this come back to bite Blackstone if people can’t afford their rent?

   Is this a crack that is showing as a result of high interest rates? Am I too early to say this? Or is it not relevant at all?

3. Capitalism is amazing. But it needs guardrails.

   Otherwise the money just funnels to the 1% and the system explodes.

   It’s time for a revolution for the people, by the people.