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Indio council asks staff to study corporate home purchases and short‑term rentals
Summary
Councilmember Oscar Ortiz asked the council to bring back options to limit large corporations from buying single‑family homes; staff said it has obtained county ownership data and will return with options and short‑term rental data in February for broader discussion.
Councilmember Oscar Ortiz asked the Indio City Council on Jan. 15 to consider policies to limit large corporations from buying single‑family homes in Indio, saying residents reported frequent cash offers that disadvantaged local families.
Ortiz said he has heard from residents and real estate agents who say multiple single‑family homes are being purchased by institutional buyers. "I think we could have a strong community…
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