L.A. Politicians Want To Seize Private Apartment Building to Prevent Rent Increases. Gil Cedillo, city councilmember, has introduced a motion asking the city to study its options for seizing the 124-unit Hillside Villa.

Reason ^ | February 5, 2020 | Christian Britschgi

[TheNext]

The more concentration of apartment units, the less land rights the owner has, really.

1) Homeowners must pay to educate parent’s kids in apartments.

2) Highways are burdened by multi level dense apartments.
The public is unfairly burdened.

You can spout on about private property, but the more dense units, the less property rights exist.

Why do mega landlords have such high rights?

Bigger cities implode on their own dense weight.
Density is inhumane.

[rockinqsranch]

Expect nothing else from Communists. The Democrats running our State, and our major cities are nothing less than Communists.

[Calvin Locke]

In the 1960s, in order to encourage low-income rental buildings, Congress gave some sorts of incentives to property owners that would expire in ~20 years, after which, the properties would be free to go to market rates.

As the expiration of those incentive agreements was drawing nigh, at the behest of then-congresscritter Joe Kennedy, Congress pulled some similar-but-not-theft stunt.

[E. Pluribus Unum]

Plank #1 of the Commmunist Manifesto: Abolition of private property in land and application of all rents of land to public purpose.

http://laissez-fairerepublic.com/TenPlanks.html

[monkeyshine]

It’s simply quite shocking that politicians even talk like this. The arrogance of it is just flabbergasting. Hey, if they really want to keep 52 units $1000 cheaper, write the landlord a check for $52,000 each month. Adjust it for market rates when appropriate.

And I know, that’s also crazy - but they already kicked in $5.4 million or whatever to finance its construction.

[ptsal]

Contracts are meant to be broken.

[sauropod]

We don't want to generate more homeless people," Conrado Terrazas Cross, Cedillo's communications director, tells Reason...

Yeah because you're doing such a GOOD JOB of taking care of the ones you already HAVE!

[LegendHasIt]

Reminds me of Hugo Chavez wandering around and pointing out to his minions which buildings he wants them to expropriate.

Video.

[mumblypeg]

Agreed.
Some property owners complain because they’re billed for school taxes on their property tax statement, claiming it’s unfair that homeowners must bear the burden of educating the children of renters.
But landlords ARE paying those taxes, and traditionally have divided up & passed those costs on to the renters.
Now the social fascists want us to pay all the schooling with no hope of reimbursement, plus subsidize their rent, then when we’re bankrupt, they’ll generously bail us out— by seizing our property!
So instead of one “greedy” landlord, the poor renters will be overseen by a consortium of bureaucrats.
But what happens when the ‘crats demand a payraise? Lol.