Blackstone, the private equity underwriter (PEU) that helped make U.S. housing unaffordable, will enter the federally subsidized housing market via April Housing.
PEUs already have preferred carried interest taxation from Uncle Sam. Affordable housing is but the latest way Blackstone et al pilfer the federal wallet while scrimping on paying taxes. How much cash will April Housing shower its PEU owner? Rest assured, it will be significant.
Politicians Red and Blue love PEU and increasingly more are one.
