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19% of California houses are owned by investors (www.ocregister.com)

submitted 2 days ago by rssbot@lemmy.bestiver.se to c/hackernews@lemmy.bestiver.se

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[–] some_guy@lemmy.sdf.org 9 points 2 days ago (1 children)

I'm just thinking out loud, but someone needs to dox these properties.

[–] rainwall@piefed.social 4 points 2 days ago* (last edited 2 days ago)

Home ownership is a public record.

"Blackrock" isn't gonna give you much info to work with, unless you want to burn down the houses they own. Unfortunately, lots of innocent people live in them, so that isn't a good answer there either.

[–] Formfiller@lemmy.world 8 points 2 days ago (1 children)

After the civil war this should be made illegal

[–] Cocopanda@lemmy.world 2 points 2 days ago

I can only hope.

[–] bluGill@fedia.io -2 points 2 days ago

adding options for people who need to live someplace but buying isn't right for them.

[–] Cocopanda@lemmy.world 0 points 2 days ago* (last edited 2 days ago) (1 children)

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.

[–] dangling_cat@piefed.blahaj.zone 2 points 2 days ago (1 children)

Sounds like they have too many houses.

[–] Cocopanda@lemmy.world 1 points 2 days ago

They usually only own the one property.