this post was submitted on 05 Aug 2025
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Exactly.
In a thread when the news came out, someone got Blackstone and BlackRock confused and someone else said there's no difference.
There is a difference. BlackRock wants to make money off your and everyone else's work without doing anything themselves so they run a bunch of funds that you can invest in, and they take a cut. Bog standard capitalist leeches. Blackstone wants you to never own a home, so they buy up homes, but they ALSO make sure to concentrate their efforts in one area at a time so if you live in that area you'd have no choice but to rent from them. To accomplish this, they'll literally offer over market value in those areas.
The CEO that got killed (by accident, funnily enough - the shooter was after someone else entirely) was the CEO of said real estate group within Blackstone. She in particular had a large part in how fucked the American real estate market is.