CalBears96
Well-known member
Good luck renting homes that are sitting empty owned by FCBs. I don't think you got my point. FCBs are artificially reducing inventory by buying homes and let them sit. So even when you have people who couldn't afford to buy and want to rent can't do so because there isn't any inventory. Free market is one thing, but ARTIFICIALLY reducing inventory is another thing.Here is the key words. "Wanting to Live in Irvine", nothing wrong with renting. Price is high, rent in Irvine.
Someone gonna say, "let's regulate this market and stop foreigner from buying." Okay, that will fix it. Regulating market by some laws, then we will have a free market. Make sense?
One way to discourage FCBs is to add out of state tax. I mean, it won't stop them, but it will at least discourage them. If CSUs and UCs can do it, then the counties certainly can do it.