June 4, 2023


Gladys Balcazar says she will be able to barely afford meals after paying hire to her new landlord, Blackstone Inc, one of many world’s largest non-public fairness companies.

Balcazar, a 60-year-old janitor, lives along with her 27-year-old son in a two-bedroom residence in Imperial Seaside. She helps her son, who has a incapacity, on a wage of $2,800 a month.

Blackstone purchased her constructing and 65 others in San Diego County in 2021, changing into one of many area’s largest landlords and alarming lawmakers, reasonably priced housing advocates and Balcazar. In March Balcazar’s month-to-month hire rose $200 to $2,000.

“All of this has actually depressed me as a result of I don’t see a means out,” she mentioned in Spanish. “I solely earn sufficient to pay the hire, and after that there’s nothing left.”

Including to her stress had been giant swaths of darkish mould outdoors her constructing, on partitions and window ledges, climbing to a roofline. A constructing supervisor mentioned she can be chargeable for mould remediation in her unit if she strikes out, Balcazar mentioned.