They knew how to pack them in! Like sardines!
This is happening all over Los Angeles, earthquake country, where the California State University of Northridges new concrete and steel parking structure collapsed. Where the concrete and steel freeway overpasses collapsed. Where the second story of my wifes apartment came down on her. 10 stories, what a crock, this is the area where the freeway fell down and a contractor was paid a premium to get it fixed in record time.
Construction to Begin on Santa Monica housing-retail development
http://articles.latimes.com/2012/feb/16/business/la-fi-village-santa-monica-20120216
The city is building a subway line from downtown Los Angeles to the ocean. At the end of the line will be the $350 million Village at Santa Monica with a mix of 158 luxury condominiums and 160 affordable apartments with shops and restaurants on the ground floor of a 10 story high complex.
The city bought the 3 acres for $53 million in 2000.
The condos will start at $700,000 or $800,000. The apartments will be restricted to tenants that make below 60% of the local median income of $50,580. The rentals will go to tenants that win a lottery and will rent for between $600 and $1300.
A nearby Dennys site has been sold and will also have a mixture of housing with retail on the ground floor.
So, I went to Zillow just to see how many $600 and $1300 apartments are for rent in Santa Monica. Remember, this is a beach community. Expensive.
Ill start from the top and list everything that came up:
3 bed, 2 bath $4,395/mo
1 bed, 1 bath $6,700/mo
2 bed, 2 bath $11,700/mo
2 bed, 2.5 bath $2,550/mo
2 bed, 2 bath $2,600/mo
2 bed, 2 bath $2,600/mo
2 bed, 2 bath $5,495/mo
6 bed, 5 bath $8,000/mo
5 bed, 4 bath $45,000/mo (Im not kidding, check it out yourself www.zillow.com)
5 bed, 4 bath $16,500/mo
2 bed, 3 bath $11,000/mo
2 bed, 2 bath $2,300/mo
But what does that tell us? It is a fricken lottery, you dont even have to be an American to get a $600 view of the ocean, just keep your jobs offline and push out American babies.
I can find no mention of Agenda 21 in the article. Interesting. Wonder why?
Coming to a state near you. Seeing more of this all over.
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