I mean yeah exactly, the corporate ones are the bigger problem. This is just one guy. The corporate landlords are pricing even the private landlords out of the market, let alone first-time homebuyers.
Blackstone’s real estate divison in particular should be disbanded and its’ assets sold at auction to private individuals ONLY. Everyone (not here, but in general) talks about Blackrock, a company that mostly focuses on providing ETFs and other financial instruments, while Blackstone is literally out there buying up America’s single family homes and people barely talk about them.
Privatizing housing is the system that created the problem. Under the current system, housing is a commodity that can be bought and sold. Like any commodity, cornering the market leads to monopoly by which the only supplier is a cartel of a few private entities. Cartel because they work together to fix prices to their benefit.
What is the primary difference between just one guy and Blackstone?
Why does just one guy seem legitimate?
Why should we define property in a way that allows landlords to exist?
I mean yeah exactly, the corporate ones are the bigger problem. This is just one guy. The corporate landlords are pricing even the private landlords out of the market, let alone first-time homebuyers.
Blackstone’s real estate divison in particular should be disbanded and its’ assets sold at auction to private individuals ONLY. Everyone (not here, but in general) talks about Blackrock, a company that mostly focuses on providing ETFs and other financial instruments, while Blackstone is literally out there buying up America’s single family homes and people barely talk about them.
Then you’re still not comprehending the problem:
Housing should be FREE.
Privatizing housing is the system that created the problem. Under the current system, housing is a commodity that can be bought and sold. Like any commodity, cornering the market leads to monopoly by which the only supplier is a cartel of a few private entities. Cartel because they work together to fix prices to their benefit.