Point of View # 111

SFR's, Blackstone and Stephen Schwarzman

1. Schwarzman "loves houses"

2. He spent lots of money on them

3. His 35 room Park Avenue triplex

4. Four Winds

5. Schwarzman rebuilt a super-sized version

6. His Mecox Bay house

7. Villa Cap Sud

8. Villa Number Eight

9. Where Schwarzman spends his time

10. Unless otherwise noted, the story of 418 Homeplace Drive and the 2008 financial crisis is taken from an article in the Financial Times

11. The Federal government made money

12. Stephen Schwarzman, What It Takes: Lessons in the Pursuit of Excellence (New York: Simon & Schuster, 2019), 275.

13. SFR's

14. The list of unprecedented conditions is from: How and Why U.S. Single-Family Housing Became an Investor Asset Class

15. Blackstone and SFR’s

16. Schwarzman's SFR logic

17. Schwarzman's 2022 compensation

18. Average US income

19. The picture of 418 Homeplace Drive

20. The picture of the vulture