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Here Come the Fauxgressives! The Latest Incarnation of Wall Street in My Back Yard (WIMBYs)


In the
red states they reported that when business interests got their tax breaks, rescue packages, and roll back of government regulations, they supported the former president’s political base of anti-abortionists, anti-maskers, anti-vaxxers, firearm fanatics, nativists, and assorted racists. Well-known Trump political donors, such as the Walton, Mercer, and Adelson families, plus another 58 billionaires identified by Fortune Magazine, bit the bullet in exchange for trillions in Federal government wealthfare. 
But, in the
blue states few pundits have described a similar process. Major commercial interests stomach the Democratic Party’s liberal base as long as it votes for candidates who support the arms, hydrocarbon, and real estate industries.  At the local level this is painfully obvious since 60 percent of all investment assets are in real estate holdings. These ....

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The FAIR LA Housing Plan Allows Real Estate Speculators to Profit from the Housing Crisis – It's Sophisticated Nonsense


The FAIR LA Housing Plan Allows Real Estate Speculators to Profit from the Housing Crisis – It’s Sophisticated Nonsense
Details
PLANNING WATCH-A reader asked me to review Abundant Housing’s Fair LA housing plan.
It contains an elaborate formula, disconnected from the legally required planning process, to up-zone all of Los Angeles, with most up-zoning directed at affluent neighborhoods. If adopted, it would lift the zoning code’s restrictions on density, height, mass, and open space throughout the entire city. I have previously dubbed this approach to city planning urban Reaganomics because its goal is to increase housing supply through deregulation. But, unlike Ronald Reagan, its advocates pawn themselves off as “progressives” so their developer-friendly proposals can gain political traction in liberal Los Angeles. For example, they invoke the name of Bernie Sanders, while totally rejecting his approach to the housing crisis: re ....

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