Do you think Blackstone could be associated with some government program to solve the housing situation. Becoming the housing arm of a government? Is something wrong with this picture?

Here is what was in my inbox news this morning:

Buy the Dip" - Blackstone

Blackstone is preparing to snatch up a record $50 billion on new real estate opportunities.

Just last month, Blackstone snagged $24 billion worth of commitments for its real estate fund Blackstone Real Estate Partners X.

Combined with its Asian and European funds, Blackstone will have a total of $50 billion available for real estate investments

I think the property management companies are trying to corner the market. I had two rentals in a D declining to F area. Open drug sales and frequent shootings. Police are useless and only come to pickup bodies. I sold both rentals to the same property management company. As is, no inspection, no walk through before sale, closing took 30 minutes. I got the same high price for a beautiful move in ready rental as a filthy, tenant revenge trashed rental.

I don;t think Blackstone or any of the big players are planning on solving the affordable housing situation. If you look at what they are buying it is houses that the middle and upper middle class are occupying. They are not buying old trailers and rundown apartments or houses in the marginal areas or the slums. They are buying up the middle class housing from about $200-$600K and renting these out to people with steady jobs.

Also, these are the people who took advantage of the fiasco that was created by the govt back in 2005 or so that led to the real estate collapse in 2007-2008. They packaged loans they knew would default and sold them to investors, making money while the investors took the losses, for the most part.

Here they are just working a different scheme to enrich themselves by getting cheap money from the govt and doing this.

I predict it will implode on them as the govt is working on destroying the middle class and when it happens, their middle class customers who are renting these places they are buying up will not be able to pay the rent. Then these big players will require a bail out by the govt using our kids tax money.

Or they will foist off these places on the govt- Fannymay/freddiemac or on other investors like the last time.

The government will spend $1,000,000 to create housing for the homeless or Section 8 people in need.

How much will it cost a savvy talented landlord? A lot less.

Ally: The new CEO of HomeFront (Sarah Steward) has been the COO of that charity since 2016. So, it isn't like she suddenly went from the Town Council and just took a new job that is a "conflict of interest" or anything. She's literally been with that HomeFront charity for at least 6 years now (and has been on the Town Council since 2013 -- re-elected in 2018 -- AFTER she was with HomeFront).

In other words, people voted for her for the Town Council in 2018 probably partially BECAUSE she is part of that HomeFront charity, not in spite of it. They likely want someone on their Town Council that has been helping to run a large organization. I see WAY too many times when the people elected to Township Councils have very little experience, unlike this person. I'd be happy to have someone with experience like hers on our local Council, to be honest.

I think their goal is the opposite of solving the housing crisis. They are after big rental income.

BRAD

too quick...

And grabbing properties for appreciation and depreciation.

Kinda like how I started, just on a massive scale.

BRAD