FT News Briefing Blackstone’s dip into the rent-to-buy market
Feb 17, 2022
The latest insights reveal the Federal Reserve's readiness to tighten monetary policy if inflation continues. Meanwhile, a significant ruling by the EU’s top court may allow Brussels to cut funding to non-compliant nations like Hungary and Poland. Blackstone's new rent-to-buy model is also in focus, attempting to help aspiring homeowners navigate a challenging market. However, tenants’ experiences show mixed results, highlighting the complexities of corporate landlord strategies amid rising concerns over affordable housing.
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Rent-to-Buy's Real Impact
- Blackstone's Home Partners offers a rent-to-buy model, seemingly helping some achieve homeownership.
- However, with 80% remaining renters, it primarily contributes to corporate landlordism.
Mixed Experiences with Home Partners
- Some Home Partners tenants enjoyed choosing any house on the market, solving rental housing scarcity.
- Others faced difficulties, with only a small percentage successfully buying.