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Originally Posted by Oakformonday
WTF are you going on about??? You do not understand even the basics - do you. Unless you are mentally disabled, I would be embarrassed if I were you. If so, sorry. Hope you have a good caregiver.
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Libby Schaff is that you?
I guess I have no credibility because I am not a liberal intellectual that went to an ivy-league university like Eric Garcetti.
Oh well, it's all these big city liberal renters who are paying fix-figures more per-year because of a housing crisis brought on by big, huge section 8 vouchers flooding the system causing vacancy rates to plummet and rents to skyrocket.
If LA didn't have those 49,000 units taken off the market from housing vouchers, the vacancy rate would more than double and rents would plummet immediately.
This fake housing crisis is interesting with California liberal renters paying a small fortune for a market that has been distorted by lots and lots of government housing vouchers artificially distorting the market and causing rents to skyrocket.
The investors love it all also as all this government interference into the housing market causing vacancies to be nearly 0 as opposed to the high-single digits inflates the equity they have because of the fake housing shortage in big, liberal cities.