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Blackstone cannot continue to come into our communities and force out families who want to buy a home. Blackstone has done nothing for our country. Everyday Americans built this country. They are the ones who deserve our single-family homes, not private equity "businesses."

1,066,381 Aufrufe • vor 11 Monaten •via X (Twitter)

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We REFUSE to be a generation of renters. We refuse to accept a future where billionaire private equity firms like Blackstone come into our communities, buy up entire neighborhoods, take homes off the market, and put them back up for rent. That is not the American dream. It’s not the American dream to let companies, backed with overseas capital from China and using tax cheats, buy homes out from under us and turn America into a nation of renters. The American dream is impossible unless you own the dirt under your feet—unless you own a piece of the community you help build. Yet when Blackstone comes in, they won’t sell to you; they’ll only rent to you. When my parents bought their first home in 1996, there were two other families bidding. They bought that home for $104,000. They weren’t bidding against private equity firms with balance sheets in the hundreds of billions that can outbid every single one of us. It’s already hard enough to get a mortgage with today’s interest rates (cc: Jerome Powell) And when you finally do—after saving, working, and doing everything right—a private equity firm swoops in and prices you out of the home you earned. That is unacceptable. Thanks to the Tenth Amendment and our federalist system, the power to fix this lies with our state governments. Here in Florida and across the country, governors must act—must make it illegal for giant private equity firms like Blackstone to buy up our neighborhoods and turn us into a generation of renters. We refuse to accept that fate. We refuse to become serfs in our own country. We will fight back.

James Fishback

48,534 Aufrufe • vor 9 Monaten

Private Home Ownership Is At EXTREME RISK In America New Reports Show Economists Have Been Lying To All Of Us About The Rate Financial Firms Have Been Buying Up Single Family Homes They said only 18-23% of homes were being purchased & by 2030 they would own 60% That was a lie, in 2023, private equity firms purchased 44% of all of the single family homes in America, which means death for our middle class Estimates for 2024 private equity firms are again predicted to purchase another 44% of single family homes. “Now America has a lot of problems, but this should be a unifying problem that every single person who is not part of one of those private equity firms cares about, including current homeowners.” “Private equity firms have been buying up all the single family homes. So up until very recently, we didn't actually have the numbers to say just how many homes they've been buying up. And most politicians across the f***** board, Democrat, Republican, whatever, have been saying, well, they're really only buying, like, 18% of single family homes. And then economists chimed in and said that if private equity firms are buying up anywhere from 18 to 20 to 23% of single family homes in this country. That by 2030, they would own 60% of all of the homes in America. Well, we just got the final numbers. Um, in 2023, private equity firms purchased 44% of all of the single family homes in America, which means death for our middle class. Our generation will not be homeowners. They will have us permanently renting from, like, 2 or 3 companies. Now America has a lot of problems, but this should be a unifying problem that every single person who is not part of one of those private equity firms cares about, including current homeowners. They bought 44% of all of the single family homes in America last year, and they are set up to purchase an even higher percentage of them this year. Unless we have major reform, almost all of the single family homes in this country will be owned by these private equity firms in a very, very short amount of time.”

Wall Street Apes

1,652,543 Aufrufe • vor 2 Jahren