3 ms·
Blackstone represented a quarter of all SFH purchases in my city during the COVID price run up. They priced out alot of normal people
by evv555 3y ago
Blackstone represented a quarter of all SFH purchases in my city during the COVID price run up. They priced out alot of normal people
- 1234letshaveatw 3y agoDo you have a source? What priced people out can mostly be attributed to the historically low mortgage rates
- evv555 3y agohttps://archive.ph/k73O1 https://archive.ph/k73O1 "Companies also tout their ability to push rent and fees higher and higher, even as they market themselves as providers of affordable housing. Founded by Blackstone Group, a private equity giant, Invitation Homes raised its average rent in the Atlanta market 37% from $1,336 in 2016 to $1,836 today, according to public filings. It raised rent 11% in 2022 alone." . "Large investor purchases have accelerated since then. During one 12-month stretch beginning in July 2021, investors bought one out of every three homes for sale in metro Atlanta."