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Joined 3 years ago
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Cake day: June 22nd, 2023

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  • Assembly Bill 1240, proposed and authored by State Assembly Member Alex Lee, would prohibit institutional investors that already own more than 1,000 single-family homes from purchasing any additional properties to convert into rentals.

    One thousand already seems insanely large, and I’m a one apartment renter.

    How did he come to choose one thousand for a limit? Is that a low number? A high number?