Newsom and Cruz Clash Over Ban on Predatory Real Estate Offers After California Wildfires

California Governor Gavin Newsom defends executive order aimed at protecting wildfire victims from exploitative land deals, while Senator Ted Cruz criticizes it as harmful to recovery efforts.

• Governor Gavin Newsom signed an executive order prohibiting unsolicited, undervalued real estate offers in wildfire-affected areas of California for three months.
• The order aims to protect property owners from opportunistic buyers offering below-market prices for land damaged by the recent wildfires.
• Senator Ted Cruz criticized the measure, arguing it would hinder victims' ability to sell their properties and slow recovery efforts in Los Angeles.
• Newsom defended the order, labeling such unsolicited offers as predatory and emphasizing that it does not prevent voluntary sales at fair market value.
• The wildfires have caused significant destruction, with at least 25 fatalities, over 13,000 properties destroyed, and billions of dollars in damages reported.

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