Why Is Blackstone Gobbling Up Properties?

Why Is Blackstone Gobbling Up Properties? Play

Dec. 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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