At least he is honest. It is simple. Every country should outlaw the purchase of properties in bulk by financial entities. But it will not happen. Politicians are in their pockets. It sucks, but here you are.
I'll make it more simple, if you not going to live in the house, you can't buy and own it. Investment property other than that for big bussiness should be made illegal with stiff fines for people who try to use shady practices. Most people just want a safe, secure affordable home to live in. We are people should all make this possible for everyone.
@@DavidYazdy-mz4qg yes but they still have a lot of US residential real estate that they bought since COVID and the legislation requires them to liquidate it over some period of time.
Institutional buyer is 0.3% of total buyers. Huge problem lol. You are the problem because you cannot bring enough value to the market and can’t afford nothing. So these guys have to buy- pay money for product, buy- not confiscate. Are you 12 or you missed fundamentals of capitalist economy?
This is a disaster for every single person in America. Blackstone owns a ton of homes and apartments that they just keep vacant because they refuse to lower the rent prices. I have been looking for an apartment and within a 5 mile radius there are over 100 units available but still asking above $1,100 per month. The prices should be around $800, more and more vacancies every day.
@@bahlsdeepe868 you are so beyond off base its frightening. I want more hikes in interest rates. I have rented my entire life, I have seen double digit rates and zero rates and none of them really affected rents. What typically affects rates is supply and demand of available units to rent. What is different this time is covid money allowed for the same 3 companies to own increasing amounts of real estate. Furthermore they know for a fact they are too big to fail. The government would have to bail them out.
you cant just blame Blackstone for the overall pricing, theres way more variables and factors at play here. Demand and Supply dynamics are determined by the entire market not just by one company.
@@jacquelinemiguez1326 there are basically 3 main players Blackstone being one of them. Similarly in airlines there are 3 main players and Jetblu buying Spirit would have added a 4th major player and that acquisition was blocked. You can look at almost any class of real estate and just like everything else its far more consolidated than it has ever been before. Mobile home parks, apartment complexes, even homes, home builders are building whole communities are already sold as a portfolio to company giving rise to the term build to rent, which wasn't even a phrase 20 years ago.
A 5 mile radius isn’t very far at all, lol. That’s like saying all the homes in the new neighborhood are in the $500’s. Maybe look outside a 5 mile radius
Anyone know which stocks might be seeing significant increase this holiday season? A January bounce has been mentioned frequently. I recently sold my Boca Grande, Florida, home, and before the stock market's equities start to recover, I want to invest a big sum. Is it wise to purchase right now or not?
Because of these market uncertainties, I was left holding worthless positions in the market in 2020, thus I don't base my market analyses and decisions on rumors and hearsay. I had to completely restructure my portfolio with the help of an advisor before I saw any visible benefits; I've been working with the same advisor and have scaled up to 750k.
@@danieljackson87 I've recently considered chatting with consultants. I need direction as an adult, but I'm not sure if their services would be of much use.
Indeed, my mentor Stacey Laura Alviani is well-versed in the financial sector and has received substantial training in it. She is recognized as an expert in the sector and is well-versed in the benefits of diversifying one's investment holdings. I suggest researching her credentials more. Because of her broad knowledge, she is a terrific resource for anyone trying to comprehend the financial market.
@@danieljackson87 I appreciate your advice. Finding your coach wasn't difficult and I thoroughly checked her qualifications before scheduling a call with her. Based on her credentials, she appears to have a high level of expertise, and I value the opportunity to speak with her.
If there was anyone here that would know exactly how to Invest their money, then ppl wouldn't tell you, but would instead Invest for themselfs. So If you want an advice: Don't ever listen to advices, unless you paid someone for giving it to you.
This is so unethical. Private investment & hedge funds should not have a record quarter buying up single family homes. This is a HUGE problem that is a road block for millennials & gen zs from owning a home so they are stuck in their parents basements.
I know it’s not popular to say here but RFK Jr has a plan to stop these oligarchs. We need millennials & gen Zers to own homes and keep communities alive.
Lol Vivek and Kennedy been exposing the establishment but y’all want democrats to win so bad but all democratic candidates are social justice warriors not economists
Read the article “The Blackstone Rebellion” in the Guardian by Hettie O’Brien. Denmark put a hitch in Blackstone’s giddyup. I don’t see why Americans couldn’t do the same. My first post here about this was deleted. My first deleted post ever so I guess I’m on to something. 🥂
Here it is... The markets have been 100% been manipulated to devestate all of us regular people to make a % HAVE TO sell off assets. Interesting how he adds that he's in such a position that he can pick and choose what debt he buys.
Steve Schwarzman basically said nothing during this almost 8 minute interview. This is why CEO interviews are worthless since they have nothing informative to say nor do they make any revealing or bold comments. Also why was he whispering the entire time?
@@CaptainPlanet007 No one is questioning his intelligence. I am sure he is a great leader. However he did not provide any remotely valuable information in this interview. Maybe it is the interviewer’s fault for not asking harder questions or pressing for more detailed answers.
For those who don't know, Blackrock was also a affiliate of Blackstone. Larry Fink and his co founders later restructured the company and took it to a new direction
Investment properties should be limited. All it will do is make housing more unaffordable for the average American. And this is coming from a home builder myself.
I was advised to diversify my portfolio among several assets such as stocks and bonds since this can protect my portfolio for retirement. I'm seeking to invest $200K across markets but don't know where to start.
The professionals presently control the market since they not only have the essential business strategy but also have access to inside information that the general public is not aware of.
I agree, having a brokerage advisor for investing is genius! Amidst the financial crisis in 2008, I was really having investing nightmare prior touching base with a advisor. In a nutshell, i've accrued over $2m with the help of my advisor from an initial $350k investment.
Europe needs to make sure living spaces are sold to people who are actually going to live there. Private capital and speculation must be banned there. With the amount of money they have, they can actually corner the market. Doing so with stocks is much harder and riskier, but with real estate (the money they got available and the number of available units) it is much easier to do. EU must urgently take measures, as the rest of the world.
The Market have been suffering over the past month, with all the three indexes recording losses in recent weeks. My $400,000 portfolio is down by approximately 20%, any recommendations to scale up my returns before retirement will be highly appreciated.
The market is volatile at this time, hence i will suggest you get yourself a financial-advisor that can provide you with entry and exit points on the shares/ETF you focus on.
I agree. Based on personal experience working with an investment advisor, I currently have $385k in a well-diversified portfolio that has experienced exponential growth. It’s not only about having money to invest in stocks ,but you also need to be knowledgeable,persistent,and have strong hands to back it up.
I’m new to all this, heard it's a good time to buy and basically I've just got cash sitting duck in the bank and I’d really love to put it to good use seeing how inflation is at an all time-high, who is this coach that guides you, mind I look them up .
In their mind they’re increasing shareholder value which is their primary mission and provides moral authority; however, this is the most dangerous corporate strategy in the history of capitalism because it will undue the American dream permanently unless there is regulatory intervention. Soon Americans will only be credit debtors and home lessee’s and corporations will own everything.
Watching this video remind me alot my stay in Norway was so fun and motivating. My financial life transformed greatly as I met an old friend in Norway who introduced me to online trading and investment. I started investing in assets that earns me monthly passive income and now I got 4 out of my 5 goals. Just hope it encourages someone's that it doesn’t matter if you dont have any knowledge right now, you can start TODAY regardless your age INVEST and change your future! Investing in the financial market is a grand choice I made.;}✓✓✓
yeah investment is the key to sustaining your financial longevity but venturing into any legitimate Investment without a proper guidance of an expert can lead to a great loss too..
if we're being totally honest, is it people's high morals or lack of money that's keeping them from buying the whole world? If you offer $ 50 billion USD to 100 people on the streets, how many would turn it down out of "morals"?
@@testing6753 you’re one of the guys that allows other men to destroy the world for the sake of power. Mostly people just want a nice house for themselves not 500 houses to keep other out of the market.
Individual/Private ownership is what this country stands for, and it’s becoming increasingly difficult. This must become a priority… Once you own your land and your income, then you can truly feel and experience the liberty this country has to offer. We cannot stop smart individuals/organizations from buying assets using the cash they have accumulated, and it’s unconstitutional to do so (unless they’re managing the assets of foreign interests). When you own the property, you decide what it’s worth or what rent prices will be. This is the liberty of ownership, and there’s plenty of affordable housing - it’s just not up to the common standard of American living. If you have a problem with these Asset Managers owning property, buy your own - and be one step closer to freedom!!
What they don’t mention is who drives and manipulates the interest rates and prices to begin with. They have enough money and power to cause these market swings and the little guy gets screwed. Politicians are of course in their pockets.
~~~~~~~~~~~~~~~~~~ Make America Strong Again! ~~~~~~~~~~~~~~~~~~ MASA MASA, MUFASA MASA! … MASA MASA, MUFASA MASA! … MASA MASA, MUFASA MASA! ~~~~~~~~~~~~~~~~~~
@@AlexandertheGreat033 He is the nicest guy you will ever meet. If he had no morality, how did he get a trillion dollars to manage. He is smart and trustworthy.
@@labandonaldhock80 I have met him. Super nice face to face. His actions in RE and attitude towards middle class, the actions he’s taking at his company show me a huge lack of morals and caring for other humans.
You're not talking about all the real estate. He's walked away from and plans on walking away from and leaving the banks holding the bag. Can't say that I really blame them. Thanks got themselves into that position so take advantage of it. And remember the golden rule those who have the gold rule.
He literally said yeah we wait till you can’t pay a bill then we buy your stuff for Pennie’s on the dollar and resale it back at double the actual price
We need to look at how many properties these people own. I’m a republican but I will tell you to look up Robert Kennedy. He has a big issue with these giant corporations buying so much of the market. He can explain it better than me so look it up while you are sitting here pooping, scrolling through RUclips.
It should be illegal for large companies and especially investment funds to purchase single family homes. In reponse to this we should make it illegal to rent single family homes.
blackstone still skipping payments on investments but paying stockholders and executive bonuses?- nice model _ I could do that job - make me CEO - I can create an alternate reality too :)
What he's basically saying, "I'm taking advantage of people who are in trouble because we have a lot of money and they dont"
He's basically satan
Also the inflation and high interest rates came because of decisions taken by likes of this guy
how the world works
Wrong, wrong and wrong, Govt creates inflation and this mess we are in....@@IQ141
How?@@IQ141
Never thought I’d see a company people disliked more than oil and insurance companies but blackstone takes top honors in that category
They’re basically the Sacklers of real estate.
Black rock > black stone
Lol, people hate oil. That's what keeps the American economy turning.
this man is one of the reasons you cant find housing... lets give him a standing ovation america!!!
He's basically pure evil
What standing ovation to a criminal?
How is he a criminal? He didn't steal anything.@@SSD5430
He doesn’t manage close the amount of money it would take to affect housing on that scale. Period.
please. it's sarcasm. learn it@@SSD5430
At least he is honest. It is simple. Every country should outlaw the purchase of properties in bulk by financial entities. But it will not happen. Politicians are in their pockets. It sucks, but here you are.
I'll make it more simple, if you not going to live in the house, you can't buy and own it. Investment property other than that for big bussiness should be made illegal with stiff fines for people who try to use shady practices. Most people just want a safe, secure affordable home to live in. We are people should all make this possible for everyone.
Interesting that the CNBC anchors did not ask about US legislation that has been introduced to stop private equity from buying US real estate.
You might confused, i think the legislation is for residential real estate, he pretty much solely spoke about commercial real estate
@@DavidYazdy-mz4qg yes but they still have a lot of US residential real estate that they bought since COVID and the legislation requires them to liquidate it over some period of time.
Never going to pass. BlackRock is Biden biggest donor
Because they know it will never pass. These people are one of the owners of the SCOTUS and the rest of the US Government.
Lets hope that legislation fails to pass.
This guy is the problem.
Zoomers should all agree not to buy property until BREIT capitulates
The govt is the problem creating all this mess with their central manipulation of rates and spending.
How? Cause he created a company and you had your thumb up your ass all your life living the life of victim?
Institutional buyer is 0.3% of total buyers. Huge problem lol. You are the problem because you cannot bring enough value to the market and can’t afford nothing. So these guys have to buy- pay money for product, buy- not confiscate. Are you 12 or you missed fundamentals of capitalist economy?
If you have a problem with him you have a problem with Capitalism thus have a problem with America. Mutiny
This is a disaster for every single person in America. Blackstone owns a ton of homes and apartments that they just keep vacant because they refuse to lower the rent prices. I have been looking for an apartment and within a 5 mile radius there are over 100 units available but still asking above $1,100 per month. The prices should be around $800, more and more vacancies every day.
@@bahlsdeepe868 you are so beyond off base its frightening. I want more hikes in interest rates. I have rented my entire life, I have seen double digit rates and zero rates and none of them really affected rents. What typically affects rates is supply and demand of available units to rent. What is different this time is covid money allowed for the same 3 companies to own increasing amounts of real estate. Furthermore they know for a fact they are too big to fail. The government would have to bail them out.
Shouldn't be legal
you cant just blame Blackstone for the overall pricing, theres way more variables and factors at play here. Demand and Supply dynamics are determined by the entire market not just by one company.
@@jacquelinemiguez1326 there are basically 3 main players Blackstone being one of them. Similarly in airlines there are 3 main players and Jetblu buying Spirit would have added a 4th major player and that acquisition was blocked. You can look at almost any class of real estate and just like everything else its far more consolidated than it has ever been before. Mobile home parks, apartment complexes, even homes, home builders are building whole communities are already sold as a portfolio to company giving rise to the term build to rent, which wasn't even a phrase 20 years ago.
A 5 mile radius isn’t very far at all, lol. That’s like saying all the homes in the new neighborhood are in the $500’s. Maybe look outside a 5 mile radius
Anyone know which stocks might be seeing significant increase this holiday season? A January bounce has been mentioned frequently. I recently sold my Boca Grande, Florida, home, and before the stock market's equities start to recover, I want to invest a big sum. Is it wise to purchase right now or not?
Because of these market uncertainties, I was left holding worthless positions in the market in 2020, thus I don't base my market analyses and decisions on rumors and hearsay. I had to completely restructure my portfolio with the help of an advisor before I saw any visible benefits; I've been working with the same advisor and have scaled up to 750k.
@@danieljackson87 I've recently considered chatting with consultants. I need direction as an adult, but I'm not sure if their services would be of much use.
Indeed, my mentor Stacey Laura Alviani is well-versed in the financial sector and has received substantial training in it. She is recognized as an expert in the sector and is well-versed in the benefits of diversifying one's investment holdings. I suggest researching her credentials more. Because of her broad knowledge, she is a terrific resource for anyone trying to comprehend the financial market.
@@danieljackson87 I appreciate your advice. Finding your coach wasn't difficult and I thoroughly checked her qualifications before scheduling a call with her. Based on her credentials, she appears to have a high level of expertise, and I value the opportunity to speak with her.
If there was anyone here that would know exactly how to Invest their money, then ppl wouldn't tell you, but would instead Invest for themselfs. So If you want an advice: Don't ever listen to advices, unless you paid someone for giving it to you.
This is so unethical. Private investment & hedge funds should not have a record quarter buying up single family homes. This is a HUGE problem that is a road block for millennials & gen zs from owning a home so they are stuck in their parents basements.
I know it’s not popular to say here but RFK Jr has a plan to stop these oligarchs. We need millennials & gen Zers to own homes and keep communities alive.
@@LHallinan71RFK is not electable because of the likes of Steve and CNBC
Blackstone and Vanguard own it all.
BlackRock too
when they predict there will be a lot of dead bodies in the valley, of course we can also predict the vultures will be a lot more active
except that real vultures are essential to the ecological health of planet earth. these Blackstone vultures are actually parasites.
Perfectly stated. This dude is a full on vulture in sheep clothing
🤣🤣😭😭😭😢
Kennedy is the only politician talking about what is going on in this industry. Scary
Good point. Damn, I wish the Dems would let him challenge joe
Lol Vivek and Kennedy been exposing the establishment but y’all want democrats to win so bad but all democratic candidates are social justice warriors not economists
This comment aged like milk 😂
Read the article “The Blackstone Rebellion” in the Guardian by Hettie O’Brien. Denmark put a hitch in Blackstone’s giddyup. I don’t see why Americans couldn’t do the same.
My first post here about this was deleted. My first deleted post ever so I guess I’m on to something. 🥂
Ya CNBC deleted my critical post. I guess Blackstone owns them
Here it is... The markets have been 100% been manipulated to devestate all of us regular people to make a % HAVE TO sell off assets. Interesting how he adds that he's in such a position that he can pick and choose what debt he buys.
Steve Schwarzman basically said nothing during this almost 8 minute interview. This is why CEO interviews are worthless since they have nothing informative to say nor do they make any revealing or bold comments. Also why was he whispering the entire time?
He did, confirmed that he is gobbling up the market. And Stephen always been wise with his words..he move at his own pace, most billionaires do.
I thought I was only one wondering about the whispering.
@@CaptainPlanet007 No one is questioning his intelligence. I am sure he is a great leader. However he did not provide any remotely valuable information in this interview. Maybe it is the interviewer’s fault for not asking harder questions or pressing for more detailed answers.
He said a lot and it's scary what he was saying. They are gobbling up everything!!!
For those who don't know, Blackrock was also a affiliate of Blackstone. Larry Fink and his co founders later restructured the company and took it to a new direction
Investment properties should be limited. All it will do is make housing more unaffordable for the average American. And this is coming from a home builder myself.
I was advised to diversify my portfolio among several assets such as stocks and bonds since this can protect my portfolio for retirement. I'm seeking to invest $200K across markets but don't know where to start.
The professionals presently control the market since they not only have the essential business strategy but also have access to inside information that the general public is not aware of.
I agree, having a brokerage advisor for investing is genius! Amidst the financial crisis in 2008, I was really having investing nightmare prior touching base with a advisor. In a nutshell, i've accrued over $2m with the help of my advisor from an initial $350k investment.
impressive gains! how can I get your advisor please, if you dont mind me asking? I could really use a help as of now
“Leila Simoes Pinto’’ You can easily look her up, she has years of financiaI market experience.
Thank you for this Pointer. It was easy to find your handler, She seems very proficient and flexible. I booked a call session with her.
Europe needs to make sure living spaces are sold to people who are actually going to live there. Private capital and speculation must be banned there. With the amount of money they have, they can actually corner the market. Doing so with stocks is much harder and riskier, but with real estate (the money they got available and the number of available units) it is much easier to do. EU must urgently take measures, as the rest of the world.
The Market have been suffering over the past month, with all the three indexes recording losses in recent weeks. My $400,000 portfolio is down by approximately 20%, any recommendations to scale up my returns before retirement will be highly appreciated.
The market is volatile at this time, hence i will suggest you get yourself a financial-advisor that can provide you with entry and exit points on the shares/ETF you focus on.
I agree. Based on personal experience working with an investment advisor, I currently have $385k in a well-diversified portfolio that has experienced exponential growth. It’s not only about having money to invest in stocks ,but you also need to be knowledgeable,persistent,and have strong hands to back it up.
I’m new to all this, heard it's a good time to buy and basically I've just got cash sitting duck in the bank and I’d really love to put it to good use seeing how inflation is at an all time-high, who is this coach that guides you, mind I look them up .
Sure, the investment-advisor that guides me is..
MARY TERESE SINGH
In just hearing him stumble for several minutes, he'd make a good US presidential candidate. Hey, I heard all the escorts and Davos are booked up.
In their mind they’re increasing shareholder value which is their primary mission and provides moral authority; however, this is the most dangerous corporate strategy in the history of capitalism because it will undue the American dream permanently unless there is regulatory intervention. Soon Americans will only be credit debtors and home lessee’s and corporations will own everything.
💯
This makes me sick. These people never have enough. They are the ones who caused for the real estate properties to go up in price.
Watching this video remind me alot my stay in Norway was so fun and motivating. My financial life transformed greatly as I met an old friend in Norway who introduced me to online trading and investment. I started investing in assets that earns me monthly passive income and now I got 4 out of my 5 goals. Just hope it encourages someone's that it doesn’t matter if you dont have any knowledge right now, you can start TODAY regardless your age INVEST and change your future! Investing in the financial market is a grand choice I made.;}✓✓✓
yeah investment is the key to sustaining your financial longevity but venturing into any legitimate Investment without a proper guidance of an expert can lead to a great loss too..
Hello, I’m 37 and I am not worth much yet , please help me out. Bought my first house last month and I can't seem to make any other smart investment.
How does this man try to buy the whole world and not feel any bit of guilt about it
if we're being totally honest, is it people's high morals or lack of money that's keeping them from buying the whole world? If you offer $ 50 billion USD to 100 people on the streets, how many would turn it down out of "morals"?
@@testing6753 you’re one of the guys that allows other men to destroy the world for the sake of power. Mostly people just want a nice house for themselves not 500 houses to keep other out of the market.
@@testing6753 How many of them would also give most of it away?
you wouldn't either.
Thats what im trying to do.
Real life Smithers from the Simpson show.
Lol
You mean Mr Burns
buying student loans as a great asset. Let that sink in.
That part
👋🏽💥🛎
didn't he say that was an asset class he does *not* want?
Please stay out of the housing market!!
No one asking him about single family homes. That’s the really troubling part.
Individual/Private ownership is what this country stands for, and it’s becoming increasingly difficult. This must become a priority… Once you own your land and your income, then you can truly feel and experience the liberty this country has to offer. We cannot stop smart individuals/organizations from buying assets using the cash they have accumulated, and it’s unconstitutional to do so (unless they’re managing the assets of foreign interests). When you own the property, you decide what it’s worth or what rent prices will be. This is the liberty of ownership, and there’s plenty of affordable housing - it’s just not up to the common standard of American living. If you have a problem with these Asset Managers owning property, buy your own - and be one step closer to freedom!!
What they don’t mention is who drives and manipulates the interest rates and prices to begin with. They have enough money and power to cause these market swings and the little guy gets screwed. Politicians are of course in their pockets.
It's entropy and natural chaos driving those things, if you believe there is a group behind it you're delusional.
These Guys control the world..
Is that the same coat Steve wore last year? 🚨Major bearish indicator 🚨
The new private jet was more expensive than first bid.
😂
False alarm guys, Steve wears it to Davos every year as it’s his “Davos coat”
Blackstone may buy Europe real estate and be reinter of Europe. Lords of Europe
"Woe unto them that join house to house, that lay field to field, till there be no place, that they may be placed alone in the midst of the earth!"
Bringing manufacturing and distribution back to the United States.
Student Loans… HINT: He knows the current administration will put the tax payers on the hook
This guy is Mr. Potter, right out of the movie, "its a wonderful life."
Absolutely
So what should I start clapping now for Blackstone?
Everyone have to remember this is "The American Dream"
No one can hate🤷🏾♂️
Get your bag up!!
Everything is wonderful
Exit International will expand its membership as well.
There was a lot of interrupting of Steve. Regardless, he was very amicable and carried on with his thoughts.
When he said he was going to be more active, we didn't realize he would be packing his knee pads and heading (ha-ha) to China.
Blackstone and other massive equity funds must be kept out of the residential housing market. They are ruining the marketplace
This man is pure evil
they do not find opportunities, they create opportunities: create a war that leads to destruction and then sign the reconstructions contracts.
always wonder why they do interviews in the cold ?
It should be 100% I'll legal for corporate investments to buy R.E. At least S.F.R.s...
What does student loans have to do with real estate?
I fear the obvious answer is the answer
ie nothing ..?@@ColdMotivation-rf8fg
Evil man/evil company
~~~~~~~~~~~~~~~~~~
Make America Strong Again!
~~~~~~~~~~~~~~~~~~
MASA MASA, MUFASA MASA!
…
MASA MASA, MUFASA MASA!
…
MASA MASA, MUFASA MASA!
~~~~~~~~~~~~~~~~~~
Freudian slip. Steve says let’s see what happens and he looks down when he said there are surprises all the time. Hmm
My comment critical of Blackstone was removed by CNBC. So much for your non biased news media
I've always wondered if these people actually can self-recognize just how evil they truly are...
Swarsman is an outstanding human being. His father was the greatest ever.
Lol hardly. If he had morals I’d agree, but money means nothing if you are just evil.
@@AlexandertheGreat033
He is the nicest guy you will ever meet. If he had no morality, how did he get a trillion dollars to manage. He is smart and trustworthy.
@@labandonaldhock80 I have met him. Super nice face to face. His actions in RE and attitude towards middle class, the actions he’s taking at his company show me a huge lack of morals and caring for other humans.
What good things did he do for other people?
Reform the corporate form. Tax the rich.
The Land of the Free
You're not talking about all the real estate. He's walked away from and plans on walking away from and leaving the banks holding the bag. Can't say that I really blame them. Thanks got themselves into that position so take advantage of it. And remember the golden rule those who have the gold rule.
How has Joe made it to another Davos without getting fired?
Such a bore.
i noticed with Jamie Dimon, every time Jamie praised Trump or said something critical of Democrats he tried to steer the convo away
He literally said yeah we wait till you can’t pay a bill then we buy your stuff for Pennie’s on the dollar and resale it back at double the actual price
If price is dictated by demand and supply then with the population of the USA increasing by millions every year then prices will continue to increase.
In the long run they will, based on the reason you've said, yes.
Goat
From the river to the sea
Live below your means, fix your credit, work hard and you will be able to buy a home too.
Make it illegal for Blackstone to own residential real estate. Young families should be able to afford housing again.
We need to look at how many properties these people own. I’m a republican but I will tell you to look up Robert Kennedy. He has a big issue with these giant corporations buying so much of the market. He can explain it better than me so look it up while you are sitting here pooping, scrolling through RUclips.
Let's create policies to make horrible conditions in the cities and then when the good people sell this buy up their assets for cheap
to come back is keyword
Aren't they defaulting on loans?
This guy totally destroyed Thomson Reuters - Refinitiv
The investors gave them money so it has to be spent somewhere
It should be illegal for large companies and especially investment funds to purchase single family homes. In reponse to this we should make it illegal to rent single family homes.
It's sinful. And that's it.❤
European real estate is unsurprisingly declining … the threat of war from Putin is suppressing the market, imo
Wolf in sheeps clothing
This is awful! I can't believe they are openly talking about this as a good thing. I will never own a house thanks to this corporate greed!
blackstone still skipping payments on investments but paying stockholders and executive bonuses?- nice model _ I could do that job - make me CEO - I can create an alternate reality too :)
He’s a major Trump supporter / sugar daddy too 👿👿👿
🇲🇽 Mexico 🇲🇽
The difference between having cancer and being cancer is.
Woke Joe thought he was going to man handle Steve with that last question.
Steve is evil dirtbag.
Predator
worst company in amerca. and that is saying ALOT.
Buying up poor people's houses so they can rent them back out at higher rates
We buy student loans because they don’t disappear in bankruptcy.
This guy is evil incarnate 😂
It is good Blackstone please reply
Can someone simplify this for me
Smart man
dodged that election question like a mf PRO!
They've all got their fingers in the honeypot
What benefit do investment speculators serve by buying up apartments? They aren’t investors. Speculators of first order.
just trying to keep investors to stay in BREIT
I wonder if the uber-rich get bored buying everything they don't need.
Big money if directed properly can prop up a dying entity!!!
I wonder if black stone will hire navy veterans.
"... back in the fold ... bridges burned ...' What a stupid question and commentary. This man's success was not built on hypotheticals...........
He comes off intelligible and kind, but man does wreak an evil spirit
This guy has to be soft spoken because he is the enemy of community, neighbors and family
❤
Joe needs to quit CNBC already and start working for DT... gosh...
Things they can only do and the rest to watch!