American Dream: Move Out of Mom's Basement--and Rent from Blackstone

The new American Dream is to one day be able to move out of your parent's basement and rent from Blackstone.
— Michael Krieger (@LibertyBlitz) August 22, 2013

Blackstone Crowds Housing Market as Rental Gains Slowing

Here comes another housing bust.

http://www.bloomberg.com/news/2013-03-18/rent-gains-trail-as-blackstone-crowds-u-s-with-homes.html

Byron Wien's Atrocious "Forecasting" May Have Cost Blackstone Hundreds Of Millions

A chief economist for a major hedge fund is 0 out of 10 for his 2010 forecasts.  For once, he gets one concept correct, and ultimately loses one of his firm's biggest clients as a result of speaking the truth.  This scenario is so wrong on so many levels.

http://www.zerohedge.com/article/byron-wiens-atrocious-forecasting-may-have-cost-blackstone-hundreds-millions