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REPORT COPYRIGHT VIOLATION IN REPLY
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Message Subject
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Rental Control in California to help the homeless.
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Poster Handle
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Remedial_Rebel |
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Post Content
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HERE'S THE REAL PROBLEM
LA, 3 years ago allocated 1.2 Billion dollars for housing for the homeless. A city audit report just published states that not a single unit has been completed and 35-40% has been spent on consulting fees. Also, the developers are saying cost over runs are pushing the per unit price to over $600,000 per unit. Anyone with a working brain cell knows the problem is not money or rent control, it's government corruption as blatant as you get. [ link to www.dcclothesline.com (secure)] Quoting: Remedial_Rebel This is exactly what I predicted. Too much greed in this country. A cheap house made with Chinese materials cost maybe 10,000 dollars but by the time the crony developers and their buddy politicians get their cut, it balloons to almost a million dollars for one unit. It is pretty apparent that private business and government are not the solution. They are a big part of the problem. Yep, and the next biggest factor is the Chinese buying vast amount of properties, skyrocketing the rents. China has become the largest foreign buyer of U.S. residential real estate
[ link to www.marketwatch.com (secure)]
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