PLANNING WATCH - For years the Los Angeles Times has increased prices and trimmed columns, sections, pages, and reporters. Homeowners can pocket $500,000 by selling their house to a mansionizer, a transaction that has happened 40,000 times in Los Angeles. This developer solution to the housing crisis, repeatedly championed by the LA Times, invariably boomerangs. As for the LA Times, these contrary outcomes from the up-zoning policies they support are not reported. This is why readers turn to alternative media, like CityWatchLA, to understand why the housing crisis is getting steadily worse.

Source: Los Angeles Times February 09, 2024 06:18 UTC