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Stock impact report

Echoing Trump, Newsom vows crackdown on corporate homebuying in California [Los Angeles Times (CA)]

Invitation Homes Inc. (INVH) 
Last invitation homes inc. earnings: 2/18 04:15 pm Check Earnings Report
US:NYSE Investor Relations: invitationhomes.com/about-us
A pending bill would bar investors owning 1,000-plus single-family homes from acquiring more, though corporate landlords currently control just 2.8% of California's housing stock. Major institutional landlords face mounting legal pressure, including Invitation Homes' $48 million settlement for unfair evictions and withheld security deposits, highlighting concerns about corporate ownership's impact on California renters. In his final State of the State speech , Gov. Newsom took aim at a group that some say contribute to California's housing affordability crisis: corporate landlords. Newsom vowed to take a tougher stance toward institutional investors — such as hedge funds and private equity groups — that buy up hundreds or thousands of homes in order to rent them out. “I think it's shameful that we allow private equity firms in Manhattan to become some of the biggest landlords in many of our cities,” he said, adding that the practice crushes the dream of home ownership and rai Show less Read more
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