Why Wall Street is Putting Millions into Beating California Rent Control

 

New York-based Blackstone has invested millions in California’s elections—and its homes

On Friday, a profile in the Intercept discussed the prominent role of Wall Street investment in the fight over rent control in California, including the part played by the private equity firm Blackstone, which has poured millions into defeating Proposition 10.

Proposition 10, if passed on November 6, will undo the state’s 1995 Costa Hawkins Act and allow cities to expand rent control in the state for the first time (if they so choose). Read more @bethanywpatten
#Proposition10 #California #WallStreet #rentcontrol #Blackstone #rent #compass #realestate #realestateagent #bethanywpatten

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