To the editor: At first, I thought there was a misprint. A California bill aims to limit the capital tax loophole windfall for corporations owning more than 50 single-family homes (“Newsom and Trump have vowed to crack down on corporate home buying. A new bill aims to curb it,” Feb. 24). I thought it had to have been five single-family homes, not 50, but I was wrong.
Why not introduce a state bill limiting the number of single-family homes a single corporation (and any of its various subsidiaries) can own to five? This would make a significant impact on California housing affordability. But as with a lot of proposed bills, the fourth arm of the government, lobbyists, would have issues with it.
Gerard Brennan, Westlake Village
