Why Is Blackstone Gobbling Up Homes?
December 20, 2013
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3:43Now PlayingWhy Is Blackstone Gobbling Up Homes?
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as posted by the channelDec. 20 (Bloomberg) -- Blackstone and a handful of other private equity funds have been buying up single family homes across America at an unprecedented rate, betting that historically low house prices will bounce back. Meanwhile they're rehabbing and renting out these houses to families who've lost their own homes to foreclosures. Bloomberg's Willem Marx reports. (Source: Bloomberg)
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