To the editor: At first, I believed there was a misprint. A California invoice goals to restrict the capital tax loophole windfall for firms proudly owning greater than 50 single-family properties (“Newsom and Trump have vowed to crack down on corporate home buying. A new bill aims to curb it,” Feb. 24). I believed it needed to have been 5 single-family properties, not 50, however I used to be flawed.
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 may make a major influence on California housing affordability. However as with loads of proposed payments, the fourth arm of the federal government, lobbyists, would have points with it.
Gerard Brennan, Westlake Village
