Lawson-Remer said private equity giants and large corporations 'are increasingly buying up the nation's scarce supply of homes, including in the San Diego…
The Blackstone private equity firm, one of the largest in the world, seemed to be a point of contention for proposal sponsor Supervisor Terra Lawson-RemerThe San Diego County Board of Supervisors voted 3-1 Tuesday in favor of a proposal that will address corporate"bad actors" who purchase homes and, in the words of the proposal, contribute to an already difficult affordable-housing situation.
analyze local ordinances and legislation to address increasing threats to renters, single-family homeowners and mom-and-pop landlords due to allegedly unfair and anti-competitive practices; The allegations from Tuesday's board meeting"rely on cherry-picked data and are not based on any facts whatsoever," Blackstone officials said."The reality is that average rents at these San Diego communities are 20% below the San Diego market average."
"We don't need to quibble over whether 10% of the market is being manipulated," Anderson said, adding that California has an attorney general who can prosecute investors who break the law.
United Kingdom Latest News, United Kingdom Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
San Diego County Supervisor Lawson-Remer, community group protest New York real estate investorCraig Harris joins ABC 10News as a Team 10 investigator following his career as a print journalist.
Read more »
New bike park opens in San Marcos, 1st of its kind for North County San DiegoBradley Park in San Marcos is now home to a new 8-acre bike park that is designed to accommodate bikers of all skill levels.
Read more »
KEN KRAMER'S ABOUT SAN DIEGO: Vintage Train & San Diego State CollegeThursday, June 27, 2024 at 8 p.m. on KPBS TV / Stream now with the PBS App + Encore Sunday, June 30 at 4 p.m. on KPBS and Monday, June 1 at 8 p.m. on KPBS 2. We join Ken aboard a vintage train through the desert backcountry of San Diego County.
Read more »
Things to do this weekend: San Diego Beer Weekend, San Diego Smooth Jazz Festival and moreA list of things to do this weekend in San Diego County, from Chula Vista to Oceanside.
Read more »
KEN KRAMER'S ABOUT SAN DIEGO: San Diego Zoo Exhibit, Rock Castle & TurkeysThursday, June 20, 2024 at 8 p.m. on KPBS TV / Stream now with the PBS App + Encores Sunday, June 23 at 4 p.m. on KPBS TV and Monday, June 24 at 8 p.m. on KPBS 2.
Read more »
San Diego mom sues after suspected DUI crash-turned-electrical fire killed daughterA San Diego mom is suing San Diego Gas & Electric, the city and county of San Diego and Caltrans after her daughter was killed when a suspected DUI driver…
Read more »