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Old 04-23-2016, 12:17 PM
 
Location: Los Angeles (Native)
24,169 posts, read 13,685,578 times
Reputation: 11372

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Quote:
Originally Posted by JohnG72 View Post
People can't ***** about what LA has become. They supported the politicians that implemented policies making LA what it is.

It will be extremely expensive going forward...at least any inner areas, with outlying suburbs being less expensive, but still more expensive than they used to be. Happened in SF, happened in NY. LA avoided it for a LONG time because there was a lot of space still to build. I still remember going to Disneyland as a kid and seeing lots of orange groves. The IE was hardly built up beyond Pomona, Ontario, and Upland. Even as few as 15 years ago there was still open, unmonitored, government sponsored shooting ranges in the San Gabriel Mountains above Azuza, Lytle Creek(near where the 15 goes by San Manuel Ampitheatre), and in Wrightwood.

But eventually the population caught up to the available land. So now there is only one way to deal with it for the poor...rent control. But that can't happen right now(new construction downtown would come to a screeching halt). Sure there are lower income units, but with average rents at $2K, I'm not sure how a $1,200K one bedroom is for lower income people. And the real rent control wont happen for some time...not until more areas have gentrified, not until Wilshire from SM to Downtown is completely gentrified for residences, and not until more rail lines are in place. As left wing as the LA City Council members are, no one is slaying the goose that lays the golden egg just yet.
The city makes big money on development and the developers/buildings provide a lot of jobs to people to build those new big buildings downtown.

For example USC Village in South L.A will provide 4,000 construction jobs. That's huge!
https://village.usc.edu/4127-2/

Obviously that's a huge development, but even all the jobs from smaller developments add up.

Unemployment numbers in L.A are still nothing to brag about..so I think it's a shame when development is halted in this city.
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Old 04-23-2016, 12:20 PM
 
Location: Los Angeles (Native)
24,169 posts, read 13,685,578 times
Reputation: 11372
Quote:
Originally Posted by religions View Post
That'd be something...


Waitlist would be so ******* long...
I believe that any landlord can accept a Section 8 voucher in any area ...even Holmby Hills..but because the rents would be so high in the area it's unlikely they would.

In certain neighborhoods of the country, Section 8 is preferred for landlords because it's hard to find cash tenants that can pay the rent.
With Section 8 at least they are getting the money straight from the government...or most of the money.

Also in some areas the voucher amount is higher than what a landlord might otherwise get,, which gives the landlord an incentive to rent to a section 8 tenant.
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Old 04-23-2016, 06:37 PM
 
Location: Earth
17,449 posts, read 22,959,819 times
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Quote:
Originally Posted by JohnG72 View Post

But eventually the population caught up to the available land. So now there is only one way to deal with it for the poor...rent control. But that can't happen right now(new construction downtown would come to a screeching halt)..
Isn't rent control one of the things that created the current situation?
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Old 04-24-2016, 12:48 AM
 
4,031 posts, read 8,301,481 times
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Quote:
Originally Posted by majoun View Post
Isn't rent control one of the things that created the current situation?
Rent control in Los Angeles is marginal and limited to specific circumstances...Any building built after 1978 OR converted to rental units after 1978 are not subject to rent control.

Also its limited to 3% rent increase per year and rents rarely increase more than that anyway.

Los Angeles RSO is rent control light at best. I'm not sure what the "Current situation" you refer to is, and I'm not sure why you'd believe that current RSO is sufficient to impact anything.
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Old 04-24-2016, 01:12 AM
 
Location: Earth
17,449 posts, read 22,959,819 times
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Quote:
Originally Posted by JohnG72 View Post
Rent control in Los Angeles is marginal and limited to specific circumstances...Any building built after 1978 OR converted to rental units after 1978 are not subject to rent control.

Also its limited to 3% rent increase per year and rents rarely increase more than that anyway.

Los Angeles RSO is rent control light at best. I'm not sure what the "Current situation" you refer to is, and I'm not sure why you'd believe that current RSO is sufficient to impact anything.
Rent control in L.A. is one of the reasons why there has been so little building.
If anything it's too strict.
Rent control has pushed up housing prices everywhere it exists. Einstein notably said that doing the same thing over again and expecting different results is the definition of insanity.

Note that in non-rent controlled Glendale and Pasadena, rents have been more stable than in neighboring L.A.
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Old 04-24-2016, 03:37 AM
 
Location: Los Angeles (Native)
24,169 posts, read 13,685,578 times
Reputation: 11372
Rent control should be abolished . The government should not be dictating the prices that private landlords set . It also leads to dilapidated properties because rents can be so low that the landlord has little money to reinvest in updating the property and there is no incentive to update or improve the property unless a unit goes vacant . Some tenants will often stay in a rent controlled unit for decades though .
Furthermore it is not income based and you have plenty of people that make great salaries and have established careers living in rent controlled units.
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Old 04-24-2016, 02:28 PM
 
4,031 posts, read 8,301,481 times
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Quote:
Originally Posted by majoun View Post
Rent control in L.A. is one of the reasons why there has been so little building.
If anything it's too strict.
Rent control has pushed up housing prices everywhere it exists. Einstein notably said that doing the same thing over again and expecting different results is the definition of insanity.

Note that in non-rent controlled Glendale and Pasadena, rents have been more stable than in neighboring L.A.
That's not true. See Ryan's postings.

While I'm no fan of rent control, exploding rents in Los Angeles are directly tied to:

-Development of silicon beach. Rents on Westside have nearly doubled from 5 years ago. Rents and property values in all nearby cities in Southbay including Inglewood have followed the same path even those are a much further drive(hence why those areas increased in price but not to the point of doubling).

-development of Downtown LA as a residential destination. There's hardly any rent control building in Downtown proper.
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Old 07-24-2016, 03:56 AM
 
Location: Los Angeles (Native)
24,169 posts, read 13,685,578 times
Reputation: 11372
Quote:
Originally Posted by Lets Build Highrises View Post
It's finally happening! give it 3 more years and Latinos should drop from 97% to 80%

Boyle Heights Residents Priced Out of Neighborhood | NBC Southern California
Being a renter doesn't guarantee that your rent won't go up. Downtown LA has been increasing in price and desirability for a while now so those living in BH shouldn't be surprised .

Also :

"Boyle Heights' proximity to downtown LA is becomingly increasingly attractive. But activists say chains like Starbucks are driving out the businesses that defined this community.
"Family owned businesses that gave credit to people, that allowed you to run up a tab if you didn't have money," Blaney said. "Starbucks doesn't do that, Walgreens doesn't do that."

Haven't they heard of credit cards ? Bottom line neigborhoods and the businesses in them change .
Boyle heights will likely be more diverse in the future which I don't think should be viewed as a bad thing .
I think a big problem is people feeding into fear and not doing research. Echo park has been gentrifying for a long time now and is still majority Hispanic and still has long time businesses.

I'm not sure where people get the idea that they have a right for things to stay the same forever .
Maybe should be a wake up call for some to just move out of high priced L.A of CA
Instead of moving to someplace like watts.
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Old 07-24-2016, 04:03 AM
 
Location: Los Angeles (Native)
24,169 posts, read 13,685,578 times
Reputation: 11372
This is one business Boyle Heights residents should be happy go see go...
Starbucks would be better than this place , amazing they've been getting away with this for years !

The El Troquero Bar in Boyle Heights is a haven for gang members and buyers and sellers of cocaine and meth, according to the L.A. City Attorney's Office, which is attempting to wrest the bar from its owners, at least temporarily, and hand it over to a court-appointed receiver."

Boyle Heights' El Troquero Bar Is an Alleged Haven for Drugs | L.A. Weekly
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Old 07-24-2016, 09:27 AM
 
11,493 posts, read 5,556,673 times
Reputation: 5949
Quote:
Originally Posted by jm1982 View Post
Being a renter doesn't guarantee that your rent won't go up. Downtown LA has been increasing in price and desirability for a while now so those living in BH shouldn't be surprised .

Also :

"Boyle Heights' proximity to downtown LA is becomingly increasingly attractive. But activists say chains like Starbucks are driving out the businesses that defined this community.
"Family owned businesses that gave credit to people, that allowed you to run up a tab if you didn't have money," Blaney said. "Starbucks doesn't do that, Walgreens doesn't do that."

Haven't they heard of credit cards ? Bottom line neigborhoods and the businesses in them change .
Boyle heights will likely be more diverse in the future which I don't think should be viewed as a bad thing .
I think a big problem is people feeding into fear and not doing research. Echo park has been gentrifying for a long time now and is still majority Hispanic and still has long time businesses.

I'm not sure where people get the idea that they have a right for things to stay the same forever .
Maybe should be a wake up call for some to just move out of high priced L.A of CA
Instead of moving to someplace like watts.
That's interesting, because lower income neighborhoods are usually filled with chain places.

Quote:
Originally Posted by jm1982 View Post
This is one business Boyle Heights residents should be happy go see go...
Starbucks would be better than this place , amazing they've been getting away with this for years !

The El Troquero Bar in Boyle Heights is a haven for gang members and buyers and sellers of cocaine and meth, according to the L.A. City Attorney's Office, which is attempting to wrest the bar from its owners, at least temporarily, and hand it over to a court-appointed receiver."

Boyle Heights' El Troquero Bar Is an Alleged Haven for Drugs | L.A. Weekly
The "activists" probably have no issues with gang members and crime
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