Los Angeles homeless housing: Costs run higher than private homes
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Thread: Los Angeles homeless housing: Costs run higher than private homes

  1. #1
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    Los Angeles homeless housing: Costs run higher than private homes

    https://www.msn.com/en-us/news/us/lo...mes/ar-AAIrdvM

    LOS ANGELES – Having made a deep financial commitment to create housing for some of its 27,000 unsheltered homeless people, Los Angeles is falling short in building new apartments to take thousands of people off the streets, a new study finds.

    Nearly three years after city voters approved a $1.2 billion construction program over 10 years, the city has yet to see the first building completed. Average per-apartment costs have zoomed more than $100,000 past prior predictions, the study by city Controller Ron Galperin finds.

    "To create a bigger impact now and in the future, the city must make some immediate changes to its approach," said Galperin in comments via email. "Los Angeles needs to figure out how to make the cost of development cheaper and the timeline quicker."

    At an average cost of $531,373 per unit – with many apartments costing more than $600,000 each – building costs of many of the homeless units will exceed the median sale price of a market-rate condominium. In the city of Los Angeles, the median price for a condo is $546,000, and a single-family home in Los Angeles County has a median price of $627,690, the study states.

    $600,000?? Hey I'll take one if you build it here!
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    And the taxpayers will end up paying for everything from utilities to cutting the grass. Still, within 24 months it will morph into a crime ridden drug infested slum.
    Rule3, jeepnut, Injunbro and 2 others like this.

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    Say, how's that high speed rail project coming?



    Expect similar results.

    Note how he delivers the bad news with a smile.
    Last edited by Mister Dave; 10-09-2019 at 09:13 AM.
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    The best example of government that is totally out of touch with its constituent citizens any form of factual reality. The problem is the is so many idiots the have a large electoral college representation which allows them to push their stupidity on to the rest of the country. They are bigger than some countries maybe they should’t be a part of this one any longer.
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    Just about every city has section eight housing. Low income Hud housing but to have honless housing to the tune of $600K per unit?? This is nuts

    Around here the are tearing down a lot of the HUD housing and building new units, like you say they then tear them up and nothing changes.

    Heck ever been to Key West, at the very end by the mile marker is the best location property on the water and it is public housing (least it used to be)
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    Once again a government is accomplishing the exact opposite of that which they set put to do.

    Hector
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    Quote Originally Posted by Rule3 View Post
    Just about every city has section eight housing. Low income Hud housing but to have honless housing to the tune of $600K per unit?? This is nuts
    It's only 'nuts' if you don't view it through a lens of government corruption. It makes perfect sense when you apply the Hunter Biden rule.
    Last edited by ChattanoogaPhil; 10-09-2019 at 01:56 PM.
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    Or the New Orleans levee rule.

    And they want to provide "free" health care?
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