The 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.
The 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.
— examine possible legal actions in response to allegations of price gouging, tenant harassment and price-fixing across the county real estate market; Before the vote, Lawson-Remer said California leads the nation in the number of single-family homes purchased by investors. Blackstone on Tuesday said the company has"invested approximately $100 million to improve living conditions for thousands of San Diego residents who live in our communities."
"We hold ourselves and our operators to the highest standard of care," Blackstone officials said."During the pandemic, Blackstone recognized that many were experiencing extreme hardship. We believe we are the only major landlord in the that did not evict a single tenant for non- payment during those two-plus years."
Anderson also said that without investment from large corporations, many housing projects would not be built."I can't stress it enough, but as tenants, we are getting displaced due to corporate greed," said Patricia Mendoza, of the Alliance of Californians for Community Empowerment."Our communities are not for sale."
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