To the editor: Workers author Roger Vincent’s current article on why builders aren’t constructing in Los Angeles misses the actual situation (“Virtually nobody is constructing new flats in Los Angeles. Right here’s why,” Oct. 1). Let’s cease pretending most of our legislators care about fixing the housing disaster. They hold doubling down on the very insurance policies that created it: lease management, limitless eviction bans, extreme pink tape, top restrictions and now the ULA tax that makes tasks financially infeasible. Then they act stunned when nothing will get constructed.
The truth is, lease management can even have damaging results for renters, discouraging builders from constructing to fulfill provide and demand. This isn’t a housing disaster, it’s a coverage disaster.
The plain answer is to exchange crumbling rent-controlled buildings with taller flats in multifamily zones. As a substitute, the Metropolis Council clings to “anti-displacement” rhetoric that preserves blight whereas bulldozing single-family neighborhoods. Lease management plus eviction bans equals everlasting decay.
Yet another issue typically ignored: condominiums. Builders keep away from them in California due to 10-year defect legal responsibility legal guidelines that invite limitless lawsuits. That’s why just about nobody builds condos right here, additional choking possession alternatives.
Till these failed insurance policies are repealed, Los Angeles will keep caught in decline.
George Papanikolas, Los Angeles
