NAA Industry Insider: Wall Street Unlocks Profits From Distress With Rental Revolution

Blackstone Group LP has purchased 41,000 houses in 14 metro areas and hired more than 10,000 plumbers, leasing agents, and lawyers to become the biggest owner of single-family rentals in the United States. However, it remains to be seen how long Blackstone and other investors can continue outbidding first-time house buyers and the impact it will have on rents, with some noting that investors could push up property values to the point where another housing bust occurs.

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