I worry about something like this happening with housing. PE firms are sitting on a bunch of cash currently and I can imagine a scenario in which the recent damage coronavirus + lockdowns have done to the economy leads to a bunch of foreclosures. If PE firms step in to buy these homes and to manage them at scale that will just lead to further concentration of housing wealth.
Blackrock is already raising for their next purchase... there will no middle class in 2-3 years as they become renters.
Private Equity USA — Your friendly local parasite, serving you with a smile!™
Is this the last stage of US Imperialism? Will US foreign military bases be used to show up on behalf of our new landlord to say: 'pay your rent now, bitch' [1]?
[1] https://twitter.com/funnyordie/status/1167799200538484736