Economics/Class Relations

Blackstone Amasses $50 Billion To Buy Homes During Coming Housing Crash

Technocracy

Blackstone already owns almost $300 billion in real estate and will pour in another $50 billion during the next real estate crash, turning swaths of neighborhoods into giant rental communities. Expect rental prices to soar as wealth is drained from the middle class. The goal of Technocracy is to place all physical assets into the hands of a few super-elitists, creating a neo-feudalist world. ⁃ TN Editor

The past two months have seen a barrage of negative news coverage focusing on the US housing market…

… which is predictable: after all, with mortgage rates soaring at the fastest pace on record to decade highs, and sending US housing affordability to the lowest in history…

… only a handful of the “1%” can afford the American Dream.

Alas, it also means that just like in 2007, a housing crash is now just a matter of time.

That much is known. What is also know, is that once housing craters, the largest US residential and commercial landlord – private equity giant Blackstone – is about to get even bigger. That’s when it will deploy some (or all) of the record $50 billion in dry powder it has raised to prepare for just the coming housing crash.

According to the WSJ, Blackstone is the final stages of raising a new real-estate fund that would set a record as the biggest vehicle of its kind, defying market volatility and a crowded landscape for fundraising.

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