properties

He and his wife own some rental properties and he wants to get them thinking about careers in real estate.

For the next five years, cities can exempt properties in high-risk fire areas, historic preservation zones and low-resource areas — an attempt to mitigate the bill’s effect on gentrification in low-income neighborhoods.

Two years after the big gain, the Paxtons and their blind trust went on a 10-month real-estate buying binge, spending almost $3.5 million on residential properties in Florida, Oklahoma, Utah and Hawaii.

That’s comparable to the most desirable properties in New York’s priciest neighborhood, the West Village.

“If DOJ brought cases like this regularly, many Americans who own vacation properties could be targets of federal criminal investigations,” said Rizwan Qureshi, a former federal prosecutor.