Gov. Newsom Plans Crackdown on Corporate Homebuying in California

Gov. Newsom plans crackdown on corporate homebuying in California

By Andrew Oxford, Eliyahu Kamisher and John Gittelsohn, Bloomberg California Governor Gavin Newsom will call for a crackdown on institutional investors buying up homes in the state during a speech Thursday, following a similar announcement by President Donald Trump. Newsom plans on saying he will work with local legislators to target private equity and hedge fund investors purchasing homes in California, particularly corporate entities buying at…

Gavin Newsom joins Trump in blaming big investors for housing crisis

In summary Gov. Gavin Newsom will propose regulating corporate landlords during his State of the State address Thursday, his office said. It’s a pivot toward populism for the governor. In his final year in office, Gov. Gavin Newsom plans to go after large investors buying and owning California housing — in the same week that President Donald Trump also took rhetorical aim at Big Landlord. It’s an unlikely meeting of the minds of two political fo…

California governor to regulate investor housing purchases

By Ben Christopher and Jeanne Kuang In his final year in office, Gov. Gavin Newsom plans to go after large investors buying and owning California housing — in the same week that President Donald Trump also took rhetorical aim at Big Landlord. It’s an unlikely meeting of the minds of two political foes who, in a race to head off the electorate’s concerns about affordability, have landed upon the same populist message: Blame Wall Street. Newsom pl…

Why Trump is blaming Wall St. for America’s housing crisis

Episode 753: Neal and Toby give an update on Venezuela, with President Trump publicly announcing his desire to have American oil companies invest in the oil-rich country. Then, RFK Jr. unveils a new dietary guideline that focuses more on protein and full-fat dairy while cutting back ultra-processed foods and added sugars. Also, large investors make up a big chunk of homebuyers and Trump is trying to put an end to it. Meanwhile, Neal shares his f…