The Blackstone Group, a private equity firm, is now the largest - TopicsExpress

The Blackstone Group, a private equity firm, is now the largest owner of single-family rental homes in the country. In one day alone, Blackstone bought up 1,400 houses in Atlanta. And as private equity firms gobble up huge swaths of the housing market, they are partnering with big banks to bundle the mortgages on these rental homes into a new financial product known as rental-backed securities, reminiscent of the mortgage-backed securities that helped cause the last financial crisis. Could this new private equity rental empire help spark the next housing crisis? More from Democracy Now! bit.ly/1qyXg96

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