Big corporate landlords under fire in California housing debate

Описание: In a rare moment of agreement, Gavin Newsom and Donald Trump are both criticizing large corporate investors for buying single-family homes and converting them into rentals, saying it worsens housing affordability. California Assemblymember Alex Lee is advancing legislation that would prohibit large business entities that already own more than 1,000 single-family homes from purchasing additional properties to rent. The bill has passed the Assembly and is awaiting a Senate committee hearing. Supporters, including Rob Bonta, argue homes should be places for people to live, not profit. Opponents, including the California Apartment Association, say corporate ownership represents a small share of the market and that building more housing is the real solution.


#HousingCrisis
#CaliforniaPolitics
#HousingAffordability
#SingleFamilyHomes
#bipartisan

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