LA may try to stop tech and private equity firms from buying homes as investments
LA may try to stop tech and private equity firms from buying homes as investments
LOS ANGELES — The Los Angeles City Council will consider a motion introduced by Council President Nury Martinez aimed at preventing large tech companies and private equity firms from purchasing affordable, predominantly single-family housing as investments.
“The housing crisis has been further exacerbated by high tech companies such as Zillow, Opendoor, Rockethomes and Redfin as well as private…
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