Ted Pappageorge, the Secretary-Treasurer of the Culinary Union, said more investors moving into the valley is leading to neighborhood instability and putting some goals on hold.
"We have Wall Street landlords, private equity, large corporations buying homes, apartments, Airbnbs cornering the market, raising rents beyond affordability causing evictions and turns of residency and creating a generation of renters and denying that generation the American dream of owning a home," Pappageorge said. "The Nevada legislature has a responsibility to stand up for Nevadans against corporate landlords who are price-gouging families."