Blackstone Group is by far the biggest buyer of single family houses with an estimated $2.5 billion totaling up to 16,000 single-family houses and they are currently in Atlanta GA, Chicago IL, Las Vegas NV, Phoenix AZ, and Inland Empire, LA, Sacremento Valley, Bay Area, Central Valley California, Miami Orlando and Tampa, FL. Charlotte NC. They Started a Company called Invitation Homes that leases and manages their portfolio. Blackstone has an additional $10 Billion or so that they intend on investing in houses.
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These companies and the ones running airbnb’s from them are the problem. This is why many can’t afford a home. Do we even know how they price fix within their own portfolio?