By Ethan Barton | Washington Free Beacon
Dwayne Romero, whose own house is worth up to $25 million, has accused ‘Wall Street behemoths’ of driving up rent while holding positions with BlackRock, Blackstone, and Airbnb.
The Democratic nominee for Colorado’s Third Congressional District, Dwayne Romero, has made housing affordability a tent-pole issue for his campaign, accusing “Wall Street behemoths” of “buying up homes and driving up rents.”
Yet, for years, his real estate firm has made big money selling multimillion-dollar luxury homes in Aspen, where residential property is so expensive that even the city’s doctors and lawyers can’t afford to live. Romero also holds stakes in BlackRock, Blackstone, and Airbnb, his personal financial disclosure shows.
Romero told a Grand Junction news outlet that his top priority is “affordability” and that “prices and housing costs” is the most important issue to “all of the people in our district.” His campaign website notes, “We need to make sure the people who live in and love our district—from young people to families—can stay here. Right now, they are being priced out.”
The real estate firm Romero heads and cofounded, the Romero Group, boasts that it has sold “over 50 Million in real estate” since 2023. Its recent sales include $24.5 million and $23.8 million homes in Aspen, which sits within the third district and has the world’s most expensive residential real estate of any ski resort, according to a November 2023 study.
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