Read on Twitter
I live in a 100 year old fourplex. My landlord makes $70k per year in rent off my building and pays $5500/yr in taxes.
My landlord is literally who city council is talking about when they talk "Mom and Pop" landlords except it's bullshit. She owns property all over LA and even internationally.
She is receiving huge amounts of passive income on investments she has basically no expenses for, and California's Reaganite tax system lets her keep huge profits while starving the state of the ability to fund services for everyone else.
Then City Council cries about the crisis Covid is imposing on landlords. It's outrageous.
Speaking of Reagan, LA's response to Covid has almost entirely been informed by the once deliriously fringe logic of supply-side economics.
People were rightfully frustrated with a lot of what Councilmember Harris-Dawson said on the podcast this week, but he also said something I hadn't heard admitted publicly: The city's "Renter Assistance Program" is actually a landlord bailout.
Beyond that, we have forced employees to go back to work before it was safe to do so to allow businesses to resume taking profits, we have instituted a business loan program with generous provisions, hell even Project Roomkey serves to float hoteliers.
We need a full-on landlord transparency act. There's no reason the city shouldn't know where landlords own property, how much they take in, what condition their properties are in, how often they evict tenants
As a reminder, the city what it laughably refers to as an eviction moratorium during Covid - but the city has not only allowed evictions for cause to proceed, they also have *no idea* when landlords are evicting for cause. https://twitter.com/safrazie/status/1273713900245016577?s=20
LA has left renters out in the cold. The responsibility is not only on us to use the city's affirmative defense against eviction, but unless a complaint is filed with City housing, the city has no idea how many landlords are flouting the moratorium. Furthermore, they don't care.
This and after the renter wins the lottery on the landlord’s behalf the landlord still has a free hand to do whatever they want to the renter once covid protections expire https://twitter.com/steveducey/status/1288557576783671296?s=21 https://twitter.com/steveducey/status/1288557576783671296
