Blackstone buys 12 tou an a sun belt apartments for five point eight billion dollars. Wall street won't rest until it becomes the biggest, and perhaps only landlord in the us. The deal includes more than forty rental apartment properties,. including 12 thousand units in states including florida, tennessee and georgia.
Tim talks about the new dismal communities Disney is developing, why you will rent from Blackstone forever, the tragedy in the Hamptons and Prince Andrew going to the Queen for money.