Support limiting the numbers of homes owned to under 1k. Support AB1240

I am writing to urge your support for legislation that restricts large corporations from owning an excessive number of single-family homes. Corporate entities have been purchasing residential properties en masse, driving up housing costs and making home ownership increasingly unattainable for many Americans. By limiting the number of single-family homes a corporation can own, we can help restore balance to the housing market and prevent further consolidation of residential real estate by a few powerful entities. This measure would promote housing affordability, protect community stability, and foster an equitable environment for individual homebuyers. I strongly encourage you to back common-sense policies that curb corporate dominance in the residential housing sector and prioritize the interests of families over profit motives.