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Joined 1 year ago
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Cake day: July 3rd, 2023

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  • Schwarzman’s pandemic splurge came just as his firm decided to double down on scooping up rental housing. During the housing crash of the Great Recession, Blackstone had snapped up underwater homes for cheap and eventually made a fortune. The Covid collapse offered Blackstone another bite at the apple. In 2021 and 2022, it bought up 200,000 new units of rental housing at bargain-basement interest rates, adding to a portfolio of more than 150,000 rentals and making Blackstone the nation’s biggest corporate landlord… and its rental portfolio has seen a healthy return of about $11 billion over the last decade, hiking rent on some of its properties by nearly 80 percent.

    Fuck all billionaires but seriously fuck this guy.


  • I was watching a stream on YouTube last night (Ryan Hall) of the storm coverage. I had to just close the chat entirely because the amount of ridiculous statements and questions people were posting was legitimately starting to upset me. Some notable ones i remember “I hear theyre sending this storm to africa after florida”. “this is the democrats taking out pockets of trump supporters”. “Calling this a ‘hurricane’ is a way for ‘them’ to funnel ‘dark money’ into the state. its not actually a hurricane so it doesn’t qualify for federal money”.

    It was maddening to read and the only way I was able to not lose more faith in humanity is just telling myself they were all disinfo bots. Anyways, hopefully those of you who were affected by the storm are doing ok. Remember your neighbors, people. We’re all in this together.