Never Forget the Corporate Landlords Who Want All Your Money Details
AFFORDABLE HOUSING-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 of rent control in the Golden State.
Regardless of the financial devastation unleashed by the COVID-19 pandemic, they’ll keep opposing tenant protections no matter the consequences for the rest of us.
Big Real Estate was the driving force behind the defeat of Proposition 21, the November ballot measure that aimed to expand rent control in California. Overall, the real estate industry spent nearly $100 million to kill Prop 21, including king-sized contributions from Blackstone Group, billionaire Geoffrey Palmer, and millionaire Michael Hayde. In fact, Blackstone (led by billionaire Stephen Schwarzman, pictured above, left), Palmer, and Hayde slyly used