Monday, July 13, 2015

Blackstone's Housing Distribution Phase Begins

July 13, 2015
Blackstone Selling 1,300 Atlanta Houses in Strategy Shift

"You should expect us to sell 5 percent of our portfolio every year.”

Let me be among the first to congratulate you for purchasing those 1,300 homes before the poorer among us could do so. Well played, Blackstone. And now that prices are higher again, it is nice to see that you are giving back to the community. Very generous.

Purchases by institutional investors -- those who acquired at least 10 rental properties over the previous 12 months -- fell to 2.4 percent of single-family home sales in May, the lowest in records dating to early 2000, according to RealtyTrac.

There's no reason to be concerned. Early 2000 was a great period for us, so any reminder of that era should be a reason to celebrate.

Fabulous economy. Best that we've had in forever, almost. - Suze Orman, April 2000

See? Best economy we've had in forever! Well, almost. Just need to ignore that whole dotcom bubble popping thing, lol. Sigh.


Rob Dawg said...

And where's my "Wow, was Rob Dawg ever right and not only that, right years ago" scratch behind the ears?

Stagflationary Mark said...

Wow, was Rob Dawg ever right and not only that, right years ago! ;)