The problem is not that they are buying foreclosed homes, renovating and reselling them. The problem is that they are buying blocks of apartments, evicting elde

The problem is not that they are buying foreclosed homes, renovating and reselling them. The problem is that they are buying blocks of apartments, evicting elderly and low income tenants via Ellis Act to get around rent controls and then reselling them to those that can afford the higher real estate prices. But I generally agree that these types of laws tend to backfire and hurt supply which is the main problem causes by decades of NIMBY activism.