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Eliminating Parking and More Developer Giveaways Won't 'Save the World'

Eliminating Parking and More Developer Giveaways Won't 'Save the World'
citywatchla.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from citywatchla.com Daily Mail and Mail on Sunday newspapers.

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How is "Greed is Good" Working out for Los Angeles?

greed, as put forth by Gordon Gekko in the 1987 film
Wall Street. It comes from our economic system’s DNA, regardless of our personality types.
This is obvious when we place Los Angeles under the microscope. Separate decisions by thousands of institutional and private investors, supported by City Hall enablers and cheered on by advocates and apologists, are bringing LA to its knees.
True, these local officials have been dealt a bad hand, which they then played badly. Enormous political and economic forces have buffeted the entire country, including Los Angeles. These dedicated operatives of the Urban Growth Machine, played their part well in this drama, unconsciously ushering in three devastating crises. ....

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If Housing is a Human Right ...

GUEST WORDS If housing is a human right,
then it should no more be the vehicle for profiteering than other basic utilities of human existence such as the supply of water, education or life-saving medicine.
If housing is a human right, then profiteering off housing is not only bad policy, it’s also immoral.
Among numerous groups in California and elsewhere, there is much talk about a “housing crisis.” Yet this talk is misleading, and if self-styled “housing advocates” want to invoke any crisis, they should more properly be discussing an “affordable housing crisis.”
As State Senator Nancy Skinner has pointed out, there are currently more than 1.2 million vacant units in California. According to the quasi-governmental housing giant Freddie Mac, the housing deficit in California amounts to some 830k units. This figure comes from just before the pandemic struck, in Feb. 2020, and before the exodus of firms and residents from the state appears to have accel ....

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Here Come the Fauxgressives! The Latest Incarnation of Wall Street in My Back Yard (WIMBYs)

In the
red states they reported that when business interests got their tax breaks, rescue packages, and roll back of government regulations, they supported the former president’s political base of anti-abortionists, anti-maskers, anti-vaxxers, firearm fanatics, nativists, and assorted racists. Well-known Trump political donors, such as the Walton, Mercer, and Adelson families, plus another 58 billionaires identified by Fortune Magazine, bit the bullet in exchange for trillions in Federal government wealthfare.
But, in the
blue states few pundits have described a similar process. Major commercial interests stomach the Democratic Party’s liberal base as long as it votes for candidates who support the arms, hydrocarbon, and real estate industries. At the local level this is painfully obvious since 60 percent of all investment assets are in real estate holdings. These ....

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