To the editor: At first, I assumed there was a misprint. A California invoice goals to restrict the capital tax loophole windfall for companies proudly owning greater than 50 single-family properties (“Newsom and Trump have vowed to crack down on company house shopping for. A brand new invoice goals to curb it,” Feb. 24). I assumed it needed to have been 5 single-family properties, not 50, however I used to be unsuitable.
Why not introduce a state invoice limiting the variety of single-family properties a single company (and any of its numerous subsidiaries) can personal to 5? This is able to make a major impression on California housing affordability. However as with lots of proposed payments, the fourth arm of the federal government, lobbyists, would have points with it.
Gerard Brennan, Westlake Village
