☆ Yσɠƚԋσʂ ☆ to news@hexbear.netEnglish • 3 months agoBlackstone Making $10 Billion Multifamily Purchase, Going on the Real Estate Offensivewww.wsj.commessage-square10fedilinkarrow-up150arrow-down10file-textcross-posted to: usa@lemmy.ml
arrow-up150arrow-down1external-linkBlackstone Making $10 Billion Multifamily Purchase, Going on the Real Estate Offensivewww.wsj.com☆ Yσɠƚԋσʂ ☆ to news@hexbear.netEnglish • 3 months agomessage-square10fedilinkfile-textcross-posted to: usa@lemmy.ml
minus-squareCummunism [they/them, he/him]linkfedilinkEnglish12•edit-23 months ago Blackstone plans to invest another $400 million to improve these properties, the firm said. Slap a coat of paint on it. look, its brand new.
minus-squareEmmaGoldman [she/her, comrade/them]linkfedilinkEnglish14•3 months agoSwap out the landlord special White Refrigerator and Stove for a set of equally dogshit stainless steel ones, bam, extra $300 a month for rent.
minus-squarecame_apart_at_Kmart [he/him, comrade/them]linkfedilinkEnglish13•3 months agoliterally 4% of valuation. like buying a $200,000 joint and “investing” $8k. which would be like some extremely shitty used appliances from a shady junkyard and a single coat of the absolute garbage tier paint applied by somebody’s drunk nephew for $30 a room.
Slap a coat of paint on it. look, its brand new.
Swap out the landlord special White Refrigerator and Stove for a set of equally dogshit stainless steel ones, bam, extra $300 a month for rent.
literally 4% of valuation.
like buying a $200,000 joint and “investing” $8k. which would be like some extremely shitty used appliances from a shady junkyard and a single coat of the absolute garbage tier paint applied by somebody’s drunk nephew for $30 a room.