The recent move by the San Diego County Board of Supervisors to clamp down on so-called “corporate ownership” of single-family homes, condos and townhouses is causing quite a stir. At the Southern …
A home on Thorn Street in North Park in early August listed for $1.45 million. The 1,439-square-foot, resale single-family house has had its price reduced since it was first listed for sale in May for $1.6 million. The recent move by the San Diego County Board of Supervisors to clamp down on so-called “corporate ownership” of single-family homes, condos and townhouses is causing quite a stir.
We represent many affordable housing operators that are medium to large companies. San Diego also has several large apartment owner companies that started small and remain primarily family-owned but have grown over the years.Let’s not demonize rental housing providers that are over a specific size. Larger companies are often the only ones that can afford to build in California’s heavily regulated market. Without them, we won’t be able to meet our housing needs.
The ordinance plans to do a lot: look at who owns what, sue big landlords for alleged price gouging and tenant harassment, and explore more local rules to protect renters and small landlords. But here’s the thing: A lot of these measures are already covered by existing laws.
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