Great piece—I live very close to LA's G Line (dedicated bus lane) and a metro stop, so am bullish (maybe delusionally so?) on the city's public transportation future.
You can't write this article if you have ever talked to anyone who actually owns or builds housing in LA. Every year, making or owning housing in LA gets significantly more difficult. Why are not housing permits going up dramatically? The draconian permit process and rent control will continue to curtail investment in housing. If the “mansion tax” works, why have apartment and land development sales stopped? This tax will not build affordable housing. The cost of market-rate housing is less than half of what an " affordable" project done by the city costs. Why would you invest in LA? Why would you subject yourself to the brain damage of the city of LA? Los Angeles is currently uninvestable.
Great piece—I live very close to LA's G Line (dedicated bus lane) and a metro stop, so am bullish (maybe delusionally so?) on the city's public transportation future.
You can't write this article if you have ever talked to anyone who actually owns or builds housing in LA. Every year, making or owning housing in LA gets significantly more difficult. Why are not housing permits going up dramatically? The draconian permit process and rent control will continue to curtail investment in housing. If the “mansion tax” works, why have apartment and land development sales stopped? This tax will not build affordable housing. The cost of market-rate housing is less than half of what an " affordable" project done by the city costs. Why would you invest in LA? Why would you subject yourself to the brain damage of the city of LA? Los Angeles is currently uninvestable.
Take a look at KEVIN ERDMANN's substack?