RSS BotMB to Hacker NewsEnglish · 22 days ago19% of California houses are owned by investorswww.ocregister.comexternal-linkmessage-square8fedilinkarrow-up162arrow-down11file-text
arrow-up161arrow-down1external-link19% of California houses are owned by investorswww.ocregister.comRSS BotMB to Hacker NewsEnglish · 22 days agomessage-square8fedilinkfile-text
minus-squareCocopanda@lemmy.worldlinkfedilinkEnglisharrow-up3arrow-down3·edit-222 days agoIt’s not investors. It’s that people create a corporation to own the property they own. To protect them from taxes and inheritance issues. Edit: I only know this from a 4x4 app I use that details every plot of land owner. Lots and lots of shell companies to protect people’s assets.
minus-squaredangling_cat@piefed.blahaj.zonelinkfedilinkEnglisharrow-up2·22 days agoSounds like they have too many houses.
minus-squareCocopanda@lemmy.worldlinkfedilinkEnglisharrow-up2arrow-down1·22 days agoThey usually only own the one property.
It’s not investors. It’s that people create a corporation to own the property they own. To protect them from taxes and inheritance issues.
Edit: I only know this from a 4x4 app I use that details every plot of land owner. Lots and lots of shell companies to protect people’s assets.
Sounds like they have too many houses.
They usually only own the one property.