Wall Street Unplugged - What's Really Moving These Markets cover image

Get ready for a real estate collapse

Wall Street Unplugged - What's Really Moving These Markets

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Blackstone's 5.5 Billion Dollars in a Pocket

2 billion just in Blackstone's Breet Fund alone a month was going into it. The broker who sold his private REIT is getting 5%. The fund is making 1.25% magic fees plus of the past couple of years 12 and a half percent performance fee, which really, really eats into returns. But it's safe. It's real estate. Where do we hear this before? I think I heard this in 2004 to 2007 pre-credit crisis. You have nothing to worry about. Now it rates surging. Real estate prices starting to collapse. Those returns suck right now. And everyone is asking for their money back. So that's why you saw so much Mike 2 billion

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