A famous japanese business tycoon bought a huge number of SFR’s in Santa Rosa, CA in early 1990’s. It didnt make a difference in the market. He rented them until about 2001 and then started to sell them off. But this was after the market had recovered on its own. He had intentionally kept the rents way below market price. So when he went to sell them, the tenants flipped out and got the local govt involved to stop him. Pathetic.
