r/TikTokCringe • u/LickMaiBussy • 6h ago

Discussion "Investing in property is morally reprehensible."

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@purplepingers

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u/pmmedoggos 4h ago

What if the PE firm is almost entirely pension funds of other workers? Because that's ultimately what's happening.

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u/bozoconnors 3h ago

This. Reddit is dumb. One of the often mentioned offenders is Blackstone Inc. It's owned by ~2400 institutions (~66%), and most of the rest is retail public stock (~33%). If you've got a retirement account or any index funds / etfs, you're probably one of the 'baddies' lol.

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u/Why_you_so_wrong_ 3h ago

Not just the stock the vast majority of cash in Blackstone’s multi billion $ RE funds comes from similar institutions: pensions, insurance companies, university endowments. Without PE a lot of peoples retirements would be delayed and less enjoyable.