4 ms·
It seems to me, the Blackstone Fund is single handedly causing massive short term societal ills in housing & rental price inflation.
by tunap 8y ago
It seems to me, the Blackstone Fund is single handedly causing massive short term societal ills in housing & rental price inflation.
- refurb 8y agoWhy? It seems to me that Blackstone was buying up homes when no one else was. They took a risk and it paid off.
- tunap 8y agoThe investment bankers created the mess & more(same?) investment bankers picked up the crumbs & now plan on making upwards of 400% markups on over-priced properties. This is the exact reason why Glass-Steagal was instituted, to keep investment & commercial bankers seperate. They've robbed the world's wealth twice now & are currently still going strong. Wage slaves be damned, perhaps they can get 60 year mortgages to afford housing, right?