Santa Monica’s New Law Will Send Properties into Foreclosure for Large Investors to Snap Up

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John Williams tours “Santa Methica” and estimates that about 70% of the businesses on the Santa Monica Promenade have closed due to crime and inflation. A new law was passed in Santa Monica that prohibits commercial apartment rent increases above $76 per year. Meanwhile, landlords’ insurance rates and taxes increase and refinancing results in increased interest rates. Many properties will fall into foreclosure. Large institutions will be able to buy the foreclosed properties at fire sale prices. The bad policy will spread.

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Je
Je
1 month ago

Santa Monica will then become a “smart city.”

Last edited 1 month ago by Je
Rainey
Rainey
1 month ago

All of the destruction on purpose to drive out citizens & businesses so they can rebuild for a bunch of f’n criminals and then turn them on us. I kept screaming that our Gov’t has unofficially declared war on it’s citizens………..it can’t be any more obvious. If we don’t win the next election, we are FINISHED!

John Dunlap
John Dunlap
29 days ago
Reply to  Rainey

Not quite finished. There’s one box left. If the next election is rigged like 2020 (and maybe even if it isn’t), it’s likely that a large part of the population will open that box. Which side opens it first will largely depend on who wins. It might be a good idea to avoid public places and large gatherings around November… And learn who your neighbors are before then.

Ragnar D.
Ragnar D.
1 month ago

When Klaus told us “You vill own nussing und you vill be heppy,” these are the types of methods they’ll use to accomplish this theft.