[Renfrew]

The problem is that for hundreds of years real estate was a local business.

Now it is New York money buying up rental property across the USA. That rent will flow to New York and not stay in the local economy.

The red states are becoming colonies of the coastal cities with every industry based in blue states being funded by the heartland.

[Pelham]

“Now it is New York money buying up rental property across the USA. That rent will flow to New York and not stay in the local economy.”

That money could very well be flowing to China. Blackstone is one of the funds buying up housing and they are rumored to be acting as an agent for China’s government investment fund.

But if not Blackstone, someone else may be since we apparently have no policy against foreign countries buying up residential property. Many countries do.

[Does so]

"Now it is New York money buying up rental property across the USA".

Would that include Blackrock?

[usconservative]

Now it is New York money buying up rental property across the USA. That rent will flow to New York and not stay in the local economy. The red states are becoming colonies of the coastal cities with every industry based in blue states being funded by the heartland.

Call it what it is: POTTERSVILLE.

That's the dream the elites have for the rest of us. You will own nothing and be happy.