Newsom, Cruz Clash Over Executive Order on Predatory Real Estate Offers

Key Developments from Newsom's Executive Order

Gov. Gavin Newsom (D-Calif.) recently signed an executive order aimed at protecting wildfire victims from predatory real estate offers. This order prohibits greedy land developers from soliciting undervalued offers to purchase affected properties, which have been devastated by fires.

Main Provisions of the Executive Order

• This order bars unsolicited offers to owners of real property in specified zip codes impacted by the wildfires for a duration of three months.
• It further prohibits purchases or acquisitions below fair market value prior to the occurrence of the fires.

Cruz's Critique on the Order

Sen. Ted Cruz (R-Texas) criticized Newsom's order on social media, asserting it would ultimately harm the very victims it's meant to protect. He pointed out that misguided state policies have already led to limitations in fire mitigation efforts, water shortages, and inadequate funding for firefighters.

Response to Cruz

In a swift reply, Newsom disparaged Cruz's defense of predatory practices, emphasizing that his order does not hinder property sales; rather, it is designed to stop scammers from taking advantage of desperate homeowners.

Implications for Wildfire Victims

As wildfires continue to devastate areas in Los Angeles, victims seek support from measures like Newsom's executive order. Critics and defenders alike weigh in on the law's potential impacts on property rights and fair transactions.