Showing posts with label los angeles. Show all posts
Showing posts with label los angeles. Show all posts
Thursday, April 06, 2017
Los Angeles's Unfair Housing Policy of Forcing Developers to Make Low Income Housing
One of the least fair housing policies is the mandatory policy requiring developers to set aside a portion of units in a new housing development for 'low income' households. In practical terms, this means that individuals who achieve must subsidize, through higher prices, those who are moochers and are not even paying the cost of constructing such a unit. Even liberals don't like this (at least, when they have to live with the results). After reading many Yelp reviews of luxury apartments, many tenants are shocked that people with very low income are living in the same building as them. Even people who reflexively vote Democrat can feel that there is a sense of injustice that they may have graduated from college, perhaps graduate or professional school, and they end up in the same place as some loser who dropped out of high school, used drugs, etc, etc. When it comes to hotels, we let the free-market prevail. We don't assume that someone who dropped out of high school will be staying at the Ritz Carlton. But in cities like LA, there is an assumption that when it comes to long-term housing, the free-market cannot be trusted.
Labels:
apartments,
housing,
housing bubble,
los angeles,
renting
Tuesday, November 03, 2015
54% of Los Angeles' residents speak a language other than English at home. Huge failure!
Diversity does not work. Look around the world: anytime there are differences of culture within a given geographical area, you will find civil war, riots, discrimination, social tension, and other problems. I am not talking about “diversity of race.” I am talking culture. One example of too much diversity is the fact that 54% of Los Angeles’s residents speak a language other than English at home. How can an American city exist as an American city when a majority of its residents speak some language other than English? How does that work? One example of this failure is anyone who has followed any news about the Los Angeles Unified School District. LAUSD suffers from high dropout rates, poor academic standards, violent schools, an out of control bureaucracy, and other failures. Part of this problem is the fact a large number of the students are illegal aliens and are literally have no stake in the American system whatsoever. They don’t speak English at home (or perhaps outside the home!), and thus, there is no chance that they will ever achieve success in America. America must stand for something. People need to speak English, and the vast majority of Americans need to speak English at home. We cannot be 100 tiny countries in one city. Trust me, that won’t end well.
Labels:
culture,
diversity,
failure,
foreign,
illegal aliens,
illegals,
los angeles,
russia,
undocumented
Thursday, September 24, 2015
Democrats hate Homeless People. Homelessness in LA is going up!
There is a record-level of poverty and homelessness in the city of LA. . Everywhere I go I see plenty of Obamavilles. As usual, you know who I will blame: the Democrats in charge of the city of LA (and the Federal Reserve). First: a) LA makes it very difficult to create any kind of building, including apartments; b) LA has rent control on the books for old apartment buildings that are aimed at those with moderate incomes. So a developer or landlord who wants to make a profit would have an incentive to ignore the market for apartments for those with average incomes because at some point in the future, rent control might be imposed. Further, the Federal Reserve makes things even worse because the zero interest policy makes asset prices go up, including land. As a result, to buy land to create apartments requires more money, and as a result, rent has to be even higher to make the investment worthwhile. If you ask me, this is more evidence that the Democrat Party hates the people they claim to support. Or they are just extremely stupid.
Labels:
Democrats,
homeless,
homeless in la,
los angeles,
losers,
welfare
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