Los Angeles is having a loud economic boom (city hall, rent)

[sean1the1]

https://www.google.com/amp/s/www.blo...ces-u-s-cities

[kttam186290]

Garcetti is simply in the right place at the right time. That's all.

[BB_210]

Coastal city with a main port and trade, and high housing demand (driving up COL and making housing less affordable) has nothing to do with Garcetti.

[Californiaguy2007]

I'm so happy for Los Angeles.....LEAP AHEAD L.A

[sean1the1]

Originally Posted by Nerdlords

Yeah LA is definitely on a roll and the data in the article clearly demonstrates that. I'm just not convinced how much (if any) Garcetti has had an effect on that lol.

I'm not either, he was elected after a recession. There was no where to go, but up. Lol

[expatCA]

Originally Posted by sean1the1

https://www.google.com/amp/s/www.blo...ces-u-s-cities

And besides the rich and Business owners,etc., who is benefiting?

[expatCA]

Originally Posted by Nerdlords

Everybody that has a job? Did you not see how the average wage rate in LA far outpaced every other major metro?

Are you on welfare? You probably don't want to move to LA. It's way easier to get housing vouchers and the like in some rural dump like Missouri. The people that are successful here actually have the drive to work and compete against a whole bunch of other people who moved here because that's their dream. It's not a good place if you're average or below average, you will get eaten.

Successful people yes, but even the increase in the "average wage" does not keep up with the COL of living there. Too many are below average now.

[TheArchitect]

Originally Posted by kttam186290

Garcetti is simply in the right place at the right time. That's all.

More than just "right place right time" he has been pragmatic enough to be receptive to what works and hasn't let ideology get in the way.


His quote from the article:


“The nice thing about being a mayor is you learn how to be a pragmatist and to discard whatever ideology you have or you're fighting against,” Garcetti said. “I lowered business taxes at the same time we raised the minimum wage here — you're not allowed to do both of those in either party.”


https://www.bloomberg.com/opinion/ar...ces-u-s-cities




Garcetti compares very favorably against the current left-wing hippie mayor in NYC, another city I have lived in.

[jm1982]

The economy is cyclical of course things will be different between different states, cities or parts of cities , but right now even rust belt cities that had been written off for dead now have economies that are doing quite well with low unemployment people can actually afford housing in those cities too without spending half their income .

The article mentions multi billion dollar infrastructure and saying bond investors are getting good returns . Don’t really see how that translates to the people struggling to make ends meet and dealing with $5 a gallon gas now thanks to new gas taxes .

This “Opinion” piece from Bloomberg sounds more like a press release that was written by city hall . I really would not be surprised if it was .

[jm1982]

Originally Posted by TheArchitect

More than just "right place right time" he has been pragmatic enough to be receptive to what works and hasn't let ideology get in the way.


His quote from the article:


“The nice thing about being a mayor is you learn how to be a pragmatist and to discard whatever ideology you have or you're fighting against,” Garcetti said. “I lowered business taxes at the same time we raised the minimum wage here — you're not allowed to do both of those in either party.”


https://www.bloomberg.com/opinion/ar...ces-u-s-cities




Garcetti compares very favorably against the current left-wing hippie mayor in NYC, another city I have lived in.

He hasn’t let ideology get in the way ? Is that really what you have seen ? Or just take it as fact because this Bloomberg opinion writer said so ?

His ideology is completely in line with the “progressive left “ from min wage hikes , to supporting increasing rent control to sanctuary cites etc .