Posts Tagged: Blackstone

Is the $12,000-a-month apartment on its way?

Real estate growth chart. Image by Mohammed Haneefa Nizamudeen

by MICHAEL WEINSTEIN posted 05.15.2024

OPINION – It sounds crazy: The $12,000-a-month apartment. How can an average American afford to pay $12,000 per month for an apartment? But it’s really not as far-fetched as you may think. 

Corporate landlords buy superyachts while California tenants drown under excessive rents

Rising rents, image by Shyamalamuralinath

by PATRICK RANGE MCDONALD posted 09.07.2023

OPINION – Big Real Estate executives can lay out mountains of cash for their multimillion dollar toys and parties because they rake in billions through excessive rent increases which are either poorly regulated or not regulated at all.