Question: What happens to housing when these investor’s are no longer buying?
‘The Blackstone Group LP, the world’s largest private equity firm, became the largest owner of rental homes in the U.S., acquiring 41,000 homes in the past two years.
In October, Blackstone offered the first-ever “rental-home-backed” security on Wall Street.
The bond is backed by just a fraction — 3,207 — of the rental properties owned by Blackstone. Monthly rent checks from the properties will be used to service the $479.1 million security.‘ (Source)
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