This MUST BE STOPPED
New report shows Blackstone buying massive amounts of properties all over the United States and increasing rents 38%
“A new report is shedding light — It found that one equity firm increased rent prices at nearly double the market rate.”
“Blackstone, a a major player in the real estate market moving in about 2021, right in the middle of the pandemic and purchasing a large swath of units all over, not only the United States, but all over San Diego as well. The new report from the private equity stakeholders project takes a closer look at America’s largest landlord. Blackstone is not quite a household name, but for those who have anything to do with business or finance, they are known as the biggest real estate players in the US.”
“During the pandemic, Blackstone went on a very aggressive buying spree, bought over 200,000 housing units throughout the country.”
“Given that there already is such a crisis of affordable housing and that there were such a large number of affordable units, it’s really almost a crime that they are now no longer affordable.”
“They can count on the rents jumping every single year.”
This MUST BE STOPPED
New report shows Blackstone buying massive amounts of properties all over the United States and increasing rents 38% 🚨
“A new report is shedding light — It found that one equity firm increased rent prices at nearly double the market rate.”
“Blackstone, a… pic.twitter.com/PD6j0JnnY6
— Wall Street Apes (@WallStreetApes) August 5, 2024
AC