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While the Rest of Us Drown Under Sky-High Rents, Big Real Estate Execs Buy Superyachts and Hire Superstar Drake for a Party

In News by Patrick Range McDonaldOctober 14, 2022

While more and more Americans struggle to pay wildly inflated rents, Big Real Estate executives are splurging on superyachts, car collections, and even a private audience with superstar rapper Drake. The Real Deal recently reported about …

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Stephen Schwarzman, Staunch Foe of Rent Control, Buys $89.2 Million Estate in English Countryside

In News by Patrick Range McDonaldOctober 6, 2022

While millions of renters struggle to make ends meet, corporate landlord Stephen Schwarzman, whose company spent mountains of cash to successfully kill rent control ballot measures in California, has bought another multi-million-dollar mansion, according to …

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Stephen Schwarzman, Fierce Foe of Rent Control, Lands on Top 25 List of Wealthiest Americans

In News by Patrick Range McDonaldJuly 26, 2022

Corporate landlord Stephen Schwarzman, the controversial CEO of Blackstone Group, has been ranked by CEOWorld magazine as the one of the 25 wealthiest people in the United States. In 2018 and 2020, Blackstone shelled out …

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Top 5 Worst Corporate Landlords (Corporate YIMBYs Win Honorable Mention)

In News by Patrick Range McDonaldApril 5, 2022

As corporate landlords keep setting sky-high prices in the rental housing market, tenants are getting slammed by unfair rents, more evictions, and more homelessness. Known for their predatory business practices, corporate landlords also shell out …

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Why Is Oxford Taking Millions from Corporate Landlord Stephen Schwarzman?

In News by Patrick Range McDonaldMarch 16, 2022

The University of Oxford has raked in more millions from Blackstone Group CEO Stephen Schwarzman – one of the wealthiest individuals in the United States who’s known to whitewash his predatory business practices through charitable …

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Charging Wildly Inflated Rents, Corporate Landlords Are Living Extravagant Lifestyles

In News by Patrick Range McDonaldSeptember 28, 2021

Professional sports teams, massive luxury-car collections, 216-foot yachts, multi-million-dollar mansions. Corporate landlords, including billionaires Stephen Schwarzman (pictured above) and Sam Zell, are living extravagant lifestyles subsidized by tenants who spend huge chunks of their paychecks …

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Californians Can’t Afford the Rent. It’s Still Too Damn High!

In News by Patrick Range McDonaldMay 4, 2021

After years of sky-rocketing rents in California, one thing has disturbingly remained the same: the rent is still too damn high. Recent data shows that the Los Angeles, San Francisco, San Diego, and Oakland metro …

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Billionaire Stephen Schwarzman, Fierce Opponent of Rent Control in California, Raked In $610.5 Mil in 2020

In News by Patrick Range McDonaldMarch 10, 2021

Billionaire Stephen Schwarzman, a fierce opponent of rent control, raked in an astounding $610.5 million from dividends and compensation last year, according to Reuters. Blackstone Group, the private equity firm co-founded and led by Schwarzman, …

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U.S. Renters Paid a Staggering $4.5 Trillion to Landlords, According to Zillow

In News by Patrick Range McDonaldFebruary 12, 2021

A little more than a year ago, Zillow, the real estate site, came out with an eye-popping statistic: between 2010 and 2019, renters in the United States paid landlords a staggering $4.5 trillion. That’s not …

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Never Forget the Corporate Landlords Who Want All Your Money

In News by Patrick Range McDonaldJanuary 27, 2021

As we head deeper into 2021, renters in California and across the nation should never forget the small but powerful group of corporate landlords who shelled out a staggering $66.5 million to kill the expansion …

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