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Big Bamboozle #2 – How LA Hopes to Extend a Real Estate Boom and Hold off its Eventual Bust Details
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bamboozle, a cavalier exercise to reverse engineer zone changes that further enrich real estate speculators already profiting from a housing boom.
It only took a week for hard evidence to appear that confirms this analysis. It is tucked away in the Notice of Preparation (NOP) and supportive Initial Study for the Housing Element’s Environmental Impact Review (EIR). While few people have the time to examine these documents, they reveal that that City Hall’s commitment to ending homelessness is only a convenient cover story. They buttress City Hall’s conviction that Los Angeles can grow its way out of overlapping crises by feeding the real estate sector’s appetite (for higher profits).