GHP Management Corp. and several other companies owned by developer Geoffrey Palmer are suing the City of Los Angeles for $100 million over its eviction moratorium, saying the policy has resulted in massive losses to the firm. The suit further alleges that the plaintiffs cannot find help from banks, who will not refinance mortgages on properties that fall under the city’s eviction moratorium. The Biden administration and Democrats in state and local governments have cast such moratoria as measures to protect the poor, but they could hurt the poor in the long run by making it less likely that developers...