Posted inBusiness

LA Seeks Strategies to Stop Large Companies from Worsening Housing Crisis

The Los Angeles City Council is moving forward with an effort 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 equity firms. These companies […]