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Now this is crazy Developer reveals Beverly California housing complex where homes start at $5 million and go up to $25 million are required to have low income Now they aren’t selling because people paying $20 million for a home don’t want to live next to low income “There's...

666,334 views • 5 months ago •via X (Twitter)

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Gavin Newsom’s $101 million dollar Pacific Palisades low income housing projects EXPOSED The new housing complexes come with ‘covenants,’ after a certain amount of years they are no longer low income and convert to market rate James Li It’s a full blown land grab, “One of the largest industries that donated to him was real estate” “Let me tell you what Gavin Newsom is really up to with this hundred million dollar low income housing project in the Palisades. This ultimately is a real estate play in my opinion, because they want this building to go into nice affluent neighborhoods. Because the value of that building is going to be astronomically higher than versus building it in another area where it's underdeveloped or it's a new neighborhood, or it's more on the outskirts of la and ultimately all these affordable units that they have covenants on them. So in 15, 20, 25 years, depending on the, the exact building, all of those affordable housing units will convert to market rate. So that's why they want it in those areas. It's not because like, oh, we're helping the homeless people out. It's like, oh no, this, this is just like a giveaway to real estate developers, right? One of the largest industries that donated to him was real estate. So like this is just him placating to his donors, making sure that they're needs, quote unquote, are being met. This is a long term real estate play to say, okay, we're going to put this building here because in 25 years this building will be worth like 20x if we versus we put in another neighborhood.” It’s all about kickbacks for Gavin Newsom’s donors You know the new low income housing complexes will covenants because that’s what the other properties in LA and San Diego come with. It’s the Democrat scam

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