This will ruin what’s left of California.
They are trying to stop the stampede out. Next stop - Berlin wallsl with guards towers.
Just another attack on free markets and capitalism. Flippers earn their money. Buy, fix, resell. I mean it’s not like they are buying pristine homes. Those can be sold without flippers.
Markets are efficient even when it comes to flippers.
I don’t watch many of those shows...
But...
I have concluded that rundown & NOT HABITABLE properties are being revived. Neighborhoods are being cleaned up.
NEW owners who give a damn about the property-—and fresh taxes-—especially in the state of Calif which taxes property based upon the selling price.
Is there a single usable brain cell among all the Calif Legislature?
We already know Newsom doesn’t have ANY.
And when THAT works, CA will try it on other businesses that improve old things - like auto repair, surgeons, dentists, landscapers...