Maybe the landlords should eat less avocado toast or something like that. Bootstraps…. idfk
this post was submitted on 15 Jun 2024
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sell it to who? other landlords who don't want to buy? workers who don't have the money or credit for a mortgage?
Isn't Blackstone/rock (I can never remember which one is which) buying up a lot of US housing?
Blackstone is the largest commercial landlord on earth. Blackrock is a much smaller spinoff company that manages more "traditional" stock investements.
Blackrock has $10T of assets managed vs. Blackstone's $1T, so definitely not smaller. They just have different focuses (real estate and private equity for Blackstone, and traditional stocks for Blackrock), and have been separate companies for a while.
You're right. Thank you for the correction, I worded that poorly. I meant to indicate that they own a much smaller amount of commercial properties.
to bigger landlords, aka blackrock