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If L.A. is worried about housing affordability, the real solution is to build more housing. That's a nifty opinion to have, I guess. Are you saying that viola
by kafkaesq 10y ago
If L.A. is worried about housing affordability, the real solution is to build more housing.
That's a nifty opinion to have, I guess.
Are you saying that violations of the Ellis Act aren't really a problem -- and so cities shouldn't pursue Ellis Act enforcement cases, then?
- hueving 10y agoBluntly, yes. As long as the market is poorly supplied, people will keep coming up with creative ways to get around regulations to extract the market price out of their assets. Fighting that is like trying to convince a lion not to eat you by yelling rather than giving it a steak. If the market price is kept low enough through continuous supply, Ellis Act violations would be a non issue. There is a reason this isn't a big problem in unconstrained cities.
- kafkaesq 10y agoFeel free to start a ballot measure to not only have the Ellis Act repealed, but all current enforcement cases voided (as you are apparently advocating), then. In fact, if you did so, I'm sure that not just AirBnB, but Graham, Thiel, Andreessen, Khosla and hordes of VCs will be more than happy to bankroll it for you. In fact, they'll be bending over backwards to do so -- in order to, you know, secure their "legacy." And I can just see the bus shelter ads they'll be putting up already -- and the side-splitting hilarity that will be sure to ensue, up and down the state. Remembering how swimmingly well AirBnB's efforts to "educate" local voters went down in a certain recent election.