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Six Big Lies Keeping the Real Estate Bubble Inflated

11/06/2019 8:09 AM | Margaret Fulton (Administrator)

Every so often SMart invites a guest columnist to write an article about local planning issues. This week and next we have invited Dick Platkin, a former planner for the City of Los Angeles, who is writing about the lies that the building and financial industries perpetuate in their quest for profits using the wedge of new State of California laws gutting local development controls. Since this year the State has been feverishly passing laws unleashing over development, (the City of Santa Monica is now supposed to build 5000 new units in the next 10 years) we felt this article was relevant to expose the lies used to sell this overdevelopment. While Dick’s article was written about Los Angeles identical issues apply in Santa Monica. Just substitute Santa Monica every time he mentions Los Angeles. This article first appeared in City Watch LA a few weeks ago. 

Read More: https://smmirror.com/2019/11/six-big-lies-keeping-the-real-estate-bubble-inflated-part-1/

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