To the editor: The recent article by Roger Vincent's personnel about why developers are not building in Los Angeles they lose the real problem (“Almost no one is building new apartments in Los Angeles. Here is why,” “ October 1). Let's stop pretending that most of our politicians care to solve the housing crisis. They continue to double the same policies that created it: rental control, endless eviction prohibitions, excessive bureaucracy, height restrictions and now the ULA TAXES That makes the projects do not take into account financially. Then they act surprised when nothing is built.
In fact, rental control can actually have negative effects For tenants, discouraging construction developers to meet supply and demand. This is not a housing crisis, it is a policy crisis.
The obvious solution is to replace controlled buildings of crumbled rental with higher apartments in multifamily areas. On the other hand, the City Council adheres to the rhetoric of “antisplications” that the blight preserves while dragging the single -family neighborhoods. Rental control more prohibitions of eviction equals permanent decomposition.
One more factor is often overlooked: condominiums. Developers avoid them in California due to Liability laws for defects of 10 years that invite endless demands. That is why practically no one builds condominiums here, more opportunities owned by suffocation.
Until these failed policies are repealed, Los Angeles will remain trapped in decline.
George Papanikolas, Los Angeles
