Statewide rent control…

[The-Shoveler]

How about Irvine in 1980 LOL.

[FlyerInHi]

[quote=The-Shoveler]How about Irvine in 1980 LOL.[/quote]

Not good. The land is controlled by the Irvine company that releases it slowly.
Maybe a 1500sf house in Irvine in the 80s for $130k. Not worth more than $900k now.
Irvine being master planned, there aren’t opportunities for bootstrap investors. Huntington Beach better.

You could have gotten a small apartment building LA which you could rent out to millennials today.

In LA, West Hollywood is a great success story in gentrification and appreciation.

[scaredyclassic]

[quote=The-Shoveler]Give out $300-$700 cash to each homeless person monthly, pass out food, medical help.
Pass laws so no one can stop you from sleeping anywhere in the city of LA.

etc.. there are a lot of incentives to move to California if you are homeless vs other states.

Add in good weather and you become a magnet for the homeless.[/quote]

Still researching, but a cursory google search of reddit, quora, on people answering “what’s the best place to be homeless”, CA isn’t a clear first choice.

Some other places actually give living places to the homeless.

“free food” doesn’t sound unique to CA, most states don’t want people to starve. I don’t think that qualifies as “red carpet treatment”.

Free medical care? would people travel 1000 miles for a shot clinic or a free clinic to bandage some ulcers?

I
still searching, but someone in another forum referenced a paper on the “myth” of hordes of out of staters coming to CA for “great benefits”. It might be that the overwhelming majority of homeless are basically locals with no helpful social network.

when I think “red carpet, I think of more than a homeless shelter, $300 and a soupkitchen.

[FlyerInHi]

[quote=scaredyclassic] It might be that the overwhelming majority of homeless are basically locals with no helpful social network.
[/quote]

It depends what qualifies as local. After how many years is one no longer an immigrant?

In LA, I would say that for every person who makes it into the screen actors’ guilt, there is at least an person who was a homeless druggy at one time or another.

The feature of the city is that it attracts dream catchers. And dreams do turn into nightmares. My brother lived in the east village. He would pay the homeless to watch his gf’s car (only 1 parking space in building, haha). You get to know people’s stories if you talk to them.

[The-Shoveler]

Yea Huntington Beach would have made a better comparison.

IMO the Downtown LA gentrification probably has reached its peak (maybe even in decline), time will tell but I think Carlsbad or Oceanside has more upside at this point.

Or generally most anywhere in north county SD.

[Coronita]

[quote=scaredyclassic][quote=The-Shoveler]Give out $300-$700 cash to each homeless person monthly, pass out food, medical help.
Pass laws so no one can stop you from sleeping anywhere in the city of LA.

etc.. there are a lot of incentives to move to California if you are homeless vs other states.

Add in good weather and you become a magnet for the homeless.[/quote]

Still researching, but a cursory google search of reddit, quora, on people answering “what’s the best place to be homeless”, CA isn’t a clear first choice.

Some other places actually give living places to the homeless.

“free food” doesn’t sound unique to CA, most states don’t want people to starve. I don’t think that qualifies as “red carpet treatment”.

Free medical care? would people travel 1000 miles for a shot clinic or a free clinic to bandage some ulcers?

I
still searching, but someone in another forum referenced a paper on the “myth” of hordes of out of staters coming to CA for “great benefits”. It might be that the overwhelming majority of homeless are basically locals with no helpful social network.

when I think “red carpet, I think of more than a homeless shelter, $300 and a soupkitchen.[/quote]

Actually Scardey.. I know of folks that have applied for federal assistance section 8 housing in CA and they are still on the waitlist going 4-5 years. However, if you first move to a state like Mississippi and apply, you’ll be able to get it fairly quickly..
. And then if you move back to CA , the subsidy follows you….

I won’t even talk about medical/food subsidies and the difficulty of US citizens who really need them residing in CA getting them and the wait list associated with that…. And yet our stupid politicians and stupid progressive fvcktards would rather talk about the plight of migrants..It has nothing to do with lack of empathy of migrants. It has everything to do with we can’t even take care of people who were born in this country who have no place else to go. It was a definite eye opener …

[FlyerInHi]

[quote=flu]
Actually Scardey.. I know of folks that have applied for federal assistance section 8 housing in CA and they are still on the waitlist going 4-5 years. However, if you first move to a state like Mississippi and apply, you’ll be able to get it fairly quickly..
. And then if you move back to CA , the subsidy follows you….

I won’t even talk about medical/food subsidies and the difficulty of US citizens who really need them residing in CA getting them and the wait list associated with that…. And yet our stupid politicians and stupid progressive fvcktards would rather talk about the plight of migrants..It has nothing to do with lack of empathy of migrants. It has everything to do with we can’t even take care of people who were born in this country who have no place else to go. It was a definite eye opener …[/quote]

What? Who was talking about foreign migrants?

So you’re saying that it’s hard to get benefits in California?

I think scaredy is right that California benefits are not especially “red carpet”. However, the homeless are still attracted to our cities for many other reasons.

[FlyerInHi]

Wow, in Berlin they are talking about cutting rents in 1/2 and expropriation. Drastic!

Berliners never used to talk about real estate. Now it’s inescapable.
https://www.politico.eu/article/berlin-rent-prices-housing-market-venezuela/

[The-Shoveler]

[img_assist|nid=26872|title=new housing|desc=|link=node|align=left|width=100|height=75]

Housing permits in San Diego County dropped by 43% through the first six months of 2019,
Don’t know how much is apartments vs SFH

Got to imagine rent-control talk had something to do with it.

https://www.10news.com/news/local-news/home-building-numbers-show-major-decrease-in-san-diego-in-2019

LA down 20%, Santa Barbara 40%

They try to blame on prices, but IMO it is all about rent-control.

[The-Shoveler]

In the “can never get anything right” file.
The new rent-control law seems to punish density.

Would not surprise me to see “very” few condos, duplex’s or apartments built.

[Myriad]

It would be ironic if all the rentals affected just raise their rents by the max every year. At least until they match rent with all the newer apartments that are not covered by the law.

[FlyerInHi]

The law will have no effect.
It’s not like it creates a ceiling on rents.

In flu’s case, if he doesn’t increase rent like he’s been operating, he can still reset rent at a higher level for the next tenant. Just like status quo ante.

[The-Shoveler]

It will have an extreme effect IMO

1) Rent-control tends to beget more rent-control.
so it will have an immediate effect on anyone planning to build or buy apartments or condos.

2) I predict a large spike of evictions and condos up for-sale.

3) Even if new construction not covered now it is only a matter of time before they come-under rent-control decreasing their value.

[spdrun]

^^^ I thought you were a perma-bull on housing, The-Shoveler. What changed? Personally, “a lot of condos up for sale” sounds good — the allowed 7% rent increase is hardly a dealbreaker.

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