Blackstone just stopped buying houses in dozens of cities. I hope they lose their shirts in the coming housing crash.

submitted by iamonlyoneman from zerohedge.com

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    [–]iamonlyoneman[S] 2 insightful - 2 fun2 insightful - 1 fun3 insightful - 2 fun -  (0 children)

    I'm not afraid they'll go bankrupt, their numbers are only going to go up-up-up over the long term. I'm just hoping they get some of the pain of the average joe first.

    [–]HiddenFox 4 insightful - 2 fun4 insightful - 1 fun5 insightful - 2 fun -  (0 children)

    Yeah like back in 2008 once things crash those with the cash will go a a spending spree.

    [–]JasonCarswell 1 insightful - 2 fun1 insightful - 1 fun2 insightful - 2 fun -  (0 children)

    Oh no! They hadn't considered that! /s

    [–]JasonCarswell 1 insightful - 2 fun1 insightful - 1 fun2 insightful - 2 fun -  (0 children)

    IMO, they're going to drive the housing market down as far as they can then spike it back up again, over and over, as much as they can - and pump all owners of their wealth until few survive the housing musical chairs game.

    In the end they'll over-regulate those who remain and punish all non-conformists by drowning them in red tape.

    Long live Vampire Blackstone in existential angst to suffer the eternal tortures of the soulless damned.

    The sooner my fuckwad landlord of a year-and-a-half is removed the better. I just hope the banksters won't fuck with me too.