Hmmmm…Where and when have I heard the phrase “Home ownership is an integral part of the American Dream?” before? Was it in statements concerning the Community Redevelopment Act (CRA)* and that period in American history leading up to the great financial crisis of 2008? A time in residential real estate when basically anyone with a pulse could be […]
In an October 2013 article we noted how Blackstone Group had become the largest owner of rental homes in the U.S.! In fact at the time, the worlds largest private equity firm had offered Wall Street’s first ‘rental-backed security’. Well now Blackstone had made another large purchase of U.S. rental property (10,399 multifamily units) signaling that, in this company’s […]
Home affordability helps to keep many millennials in rentals! Ah, the proverbial American Dream…A job for life with one benevolent employer, a secure retirement somewhere down the road, marriage, a home in the suburbs, two kids and two cars in the garage. And of course, let’s not forget a chicken in every pot! But for […]
