Legislation is pointless unless it's specific and enforced.
Newsome is bought by corps. This is performative with no actual consequence on rental or purchase costs for the average person.
this post was submitted on 13 Jan 2026
178 points (100.0% liked)
politics
27101 readers
3966 users here now
Welcome to the discussion of US Politics!
Rules:
- Post only links to articles, Title must fairly describe link contents. If your title differs from the site’s, it should only be to add context or be more descriptive. Do not post entire articles in the body or in the comments.
Links must be to the original source, not an aggregator like Google Amp, MSN, or Yahoo.
Example:
- Articles must be relevant to politics. Links must be to quality and original content. Articles should be worth reading. Clickbait, stub articles, and rehosted or stolen content are not allowed. Check your source for Reliability and Bias here.
- Be civil, No violations of TOS. It’s OK to say the subject of an article is behaving like a (pejorative, pejorative). It’s NOT OK to say another USER is (pejorative). Strong language is fine, just not directed at other members. Engage in good-faith and with respect! This includes accusing another user of being a bot or paid actor. Trolling is uncivil and is grounds for removal and/or a community ban.
- No memes, trolling, or low-effort comments. Reposts, misinformation, off-topic, trolling, or offensive. Similarly, if you see posts along these lines, do not engage. Report them, block them, and live a happier life than they do. We see too many slapfights that boil down to "Mom! He's bugging me!" and "I'm not touching you!" Going forward, slapfights will result in removed comments and temp bans to cool off.
- Vote based on comment quality, not agreement. This community aims to foster discussion; please reward people for putting effort into articulating their viewpoint, even if you disagree with it.
- No hate speech, slurs, celebrating death, advocating violence, or abusive language. This will result in a ban. Usernames containing racist, or inappropriate slurs will be banned without warning
We ask that the users report any comment or post that violate the rules, to use critical thinking when reading, posting or commenting. Users that post off-topic spam, advocate violence, have multiple comments or posts removed, weaponize reports or violate the code of conduct will be banned.
All posts and comments will be reviewed on a case-by-case basis. This means that some content that violates the rules may be allowed, while other content that does not violate the rules may be removed. The moderators retain the right to remove any content and ban users.
That's all the rules!
Civic Links
• Congressional Awards Program
• Library of Congress Legislative Resources
• U.S. House of Representatives
Partnered Communities:
• News
founded 2 years ago
MODERATORS
I wonder how easy it'll be to avoid.
(1) “Business entity” means any association, company, firm, partnership, corporation, limited liability company, limited liability partnership, real estate investment trust, or other legal entity, and that entity’s successors, assignees, or affiliates
To me 'affilates' seems like the key one, but I don't really know what it means legally. Anyone understand this well enough to comment?
prohibit institutional investors that already own more than 1,000 single-family homes from purchasing any additional properties to convert into rentals. The bill has already passed the full Assembly and now awaits approval from the state Senate before it goes to Newsom's desk for his signature.
Useless
The proposed statewide legislation has faced pushback from rental and realtor associations, including the National Rental Home Council, which argues the bill unfairly targets large investors and could harm the rental housing supply.
Hurting you is the point you parasitic cunts. There shouldn't be a rental market as long as homelessness exists.
Assembly Bill 1240, proposed and authored by State Assembly Member Alex Lee, would prohibit institutional investors that already own more than 1,000 single-family homes from purchasing any additional properties to convert into rentals.
One thousand already seems insanely large, and I'm a one apartment renter.
How did he come to choose one thousand for a limit? Is that a low number? A high number?
1000 single family homes is a lot. That doesn't include multi-unit buildings like apartments.
Corporations shouldn't own any single family homes.
I don't want to make perfection the enemy of good here so if say this is a step in the right direction to introduce some level of control. But it needs to go much further than simply restricting the totally number of houses they can own.
Multi unit properties should be the only form of real estate investment. I'm not going to begrudge a person for holding onto there last house as a rental when they move because there is a market for single family home rentals that's reasonable.
1000 units is way to much and will just lead to subsidiaries or passthrough entities being formed to continue current practices.
Should be like 10, even that it's too much imo but I'm less worried about the small time landlords than the big corps.
As long as this is just the first step it's ok, but we need to force corporations to return inventory to the market.
Good God. I mean, something is better than nothing but what the fuck?
They shouldn't be able to own single family homes ful stop.
People love to talk about the fact that Corp pandlords only account for 3-5 percent of all homes while ignoring the fact they they were purchasing 20-30 percent of single family homes over the last 6 years and it was hyper concentrated in the fastest growing suburban areas.
Tighter restrictions would have a fucking huge impact on prices
It's not huge, but a bigger step than it feels like. I think some of us don't realize how bad it's gotten.
The law probably was based on items like this report that defines 'Mega Investors' as investors owning 1000+ properties: https://www.brookings.edu/wp-content/uploads/2023/11/20231102_THP_SingleFamilyRentals_Proposal.pdf
This is a bit out of date too but it affects a larger share than you'd expect.