General Discussion

LA County and especially the Pacific Pallisadesis some of THE most expensive real estate in the Nation. The ENTIRE nation. There is 0.000000% chance it will be bought up for low income or medium income housing. There is 0.00000% chance it will be set aside for nature. Many are multi-multi-millionaires who have already stated they are going to rebuild, rebuild bigger.

These multi-millionaires will buy more expensive and better lawyers than the city to fight city land grabs. (Municipal lawyer are on the low end of experience and pay scale) They will Lawfare the city for as long as it takes. They're already well connected to city officials and will make backroom deals, as they've done in the past.

I'm super interested in how this will play out. But it won't be for the little guy. There are Billions of dollars of real estate on the line. Money will take care of money. As it always has. Count on it.


Edit - Just googled up CA costal property. Approx only 58% is private, the other 42% is public. That's actually a lot more public than I was expecting.