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submitted 4 months ago by [email protected] to c/[email protected]

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Maybe the landlords should eat less avocado toast or something like that. Bootstraps…. idfk

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[–] [email protected] 15 points 4 months ago (1 children)

Isn't Blackstone/rock (I can never remember which one is which) buying up a lot of US housing?

[–] [email protected] 5 points 4 months ago (1 children)

Blackstone is the largest commercial landlord on earth. Blackrock is a much smaller spinoff company that manages more "traditional" stock investements.

[–] [email protected] 7 points 4 months ago (1 children)

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.

[–] [email protected] 5 points 4 months ago

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.