The Real Estate Espresso Podcast
Warren Buffett famously said that he would go out and purchase a few hundred thousand single family homes if he had the ability to manage them. One company that took his advice was the Blackstone Group private equity firm. They aggressively went on a buying spree across the nation.
The problem with buying is that you also need to sell in order to get your money out. Imagine the impact of dumping thousands of single family homes on the real estate market. But that’s not what they did. Check it out.