Ultimately it is crisis-ravaged real estate where Blackstone seeks to continue to find a goldmine while anchored by generous political contributions and fueled by desperation capital pouring out of central banks and governmental treasuries.
Alex Ferrer, Terra Graziani and Jacob Woocher
We must see real estate market for what it truly is: an institution rooted in settler colonialism that allows land (and the housing that sits atop it) to be distributed and controlled by those who have enough money for their preferences to matter.
The time for political games, half-measures, and brinkmanship has long passed. Without significant and sustained congressional action, 30 million to 40 million renters are at risk of being evicted by the end of the year.
If you’re old, poor, and African American or Hispanic-Latinx, your chances of infection are especially high and odds of survival significantly lower. The economic downturn could drive the number of homeless to 800,000, an increase of 40% to 45%.
Right now, government money is flowing. But soon the self-appointed guardians of “fiscal responsibility” will call for cuts to Social Security, Medicare, and SNAP, while leaving the defense budget and large tax breaks for the wealthy intact.