Do you trust California and Los Angeles to spend federal aid dollars wisely? Me neither. The 1972 Pennsylvania Avenue Development Corporation may be the template.
Unfortunately, Newsom's order to prevent speculators from exploiting homeowners who've lost their homes is simply for show. It's only a 90-day moratorium. Given the insurance adjustment process, claim negotiations, settlements, and the myriad of permits, permissions, environmental assessments, lack of qualified construction contractors and supplies, and all the rest, most homeowners need a year or more to determine whether to sell or rebuild.
Inventive, and well stated.
Unfortunately, Newsom's order to prevent speculators from exploiting homeowners who've lost their homes is simply for show. It's only a 90-day moratorium. Given the insurance adjustment process, claim negotiations, settlements, and the myriad of permits, permissions, environmental assessments, lack of qualified construction contractors and supplies, and all the rest, most homeowners need a year or more to determine whether to sell or rebuild.
Great point. Much of what Newsom does is purely for show, sadly.
Alarming and informative