Any scam

I unwittingly bought a home in one of his communities in 2019. His abysmal business practices have turned what once was a beautiful golf course community into a dump. The infrastructure has really deteriorated because of little to no maintenance. Sewage backups into yards and homes, frequent water shut offs, gas supply issues, electric system disrepair and the streets are full of potholes. The list goes on. As a REIT (Real Estate Investment Trust) there is only one priority for Mr. Schwartzman: suck as much money out without putting any money into maintenance of the facilities. The golf course is now dead. It hasn't been watered since April. Even though it is capable of watering the once green course. Since Blackstone is now investing in hospitals, shopping centers and other properties besides residential we are only going to see our country continue to suffer from high housing costs we're going to see all aspects of our lives deteriorate at the hands of REITs around the country. There's a reason countries in Europe and elsewhere outlawing REITs inside their borders. Blackstone is the largest REIT in the world because they're not being controlled by federal, state and local governments. In spite of their rhetoric about caring and respecting the residents of their properties, it's a bald face lie. Do yourself a favor, never buy into a Blackstone or any other REIT.

I owe you dude, I’m just 1 second into the video and paused, your comments helped me from wasting my time, I thank you a whole lot for it