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Podcast: News For Reasonable People
Episode: Blackstone SCOOPS UP $130M Four Seasons After Government DESTROYED San Francisco
Description: Here we go again – Blackstone just scooped up San Francisco's Four Seasons hotel for a bargain basement $130 million, roughly $470,000 per room. Is anyone surprised that major institutional investors are swooping in like vultures to buy up premium properties at fire sale prices after years of failed policies drove these cities into the ground?We're breaking down this "coincidental" pattern: How San Francisco's homelessness crisis, crime surge, and work-from-home policies magically created the perfect storm for massive discounts. The Hilton Union Square sold for $408 million – down from $1.5 billion! Meanwhile, taxpayers in cities like Chicago are getting slammed with doubled property tax...