But not for long.
Bernie and AOC say yes, what’s the problem? It’s for the people, don’t you know?
Sanders and the socialists war on Landlords continue
Have you looked around LA recently?
Communism is alive and well and living in Los Angeles.
Communists do stuff like that.
Holy Dr. Zhivago!
But not for long.
Democrats. Doing all they can to flush California down the liberal toilet.
So basically he kept the deals of the contract, but now government wants to come dpwn on him since those conditions no longer are in force.
A taking. I hope the compensation is just.
I own seven rentals. The county wants more affordable housing. But, it is illegal for me to do anything more than paint a wall and clean the floor. All other work, roofs, plumbing, an whole repaint, new flooring, is supposed to be done by a contractor. The prices, as you might imagine, are inflated because they can charge anything they want. I can put on a roof using the heaviest gage metal for about $6k. A contractor would charge $12k and use metal much thinner. Also, taxes for home owners haven’t gone up in five years; a point much touted by local politicians. The politicians, have, however, continued with pork projects. My taxes on commercial property have continued to rise. So, you want affordable housing, quit making your money off landlords.
Ahhhh, communists, is there anything they can’t seize?
Mexican Communism comes to California.
LA is Caracas North.
Instead of an expensive eminent domain process, which will result in paying the owner market value, and both parties spending a fortune on legal fees, why doesn’t the gubermint offer to purchase the property for the market value (i.e., with market rent increases built into NPV calculations, including the premium that the facility will reap on the units that were never subsidized once the poor are no longer are part of the mix). Is it because coercion is just so much fun for these communists? Could save a lot of trouble, time, and cost.
Then they could sell the property at a huge loss to a crony and cut a deal to subsidize the rents so that undesirables can wreck them.
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.
Expect nothing else from Communists. The Democrats running our State, and our major cities are nothing less than Communists.
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
Contracts are meant to be broken.
Yeah because you're doing such a GOOD JOB of taking care of the ones you already HAVE!