Renting is disparaged in the U.S. because of the assumption that anyone who can own a house, will. It's actually not a great economic move unless you plan on li

Renting is disparaged in the U.S. because of the assumption that anyone who can own a house, will. It's actually not a great economic move unless you plan on living in a place for over 10 years. Commissions and repairs will eat you, unless the price/rent ratio is really out of whack. On one hand, I viscerally hate that this is happening. It's shitty that the financiers (through wacky adjustable-rate mortgages, pump-and-dump games against the housing market, etc.) have taken communities and houses away from people. The "American dream" game is pretty rigged. On the other, I'm not surprised. Wasn't Blackstone the pinnacle of prestige in private equity, though? I can't imagine them retaining that after going all in on the new suburban slumlord game.