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Related: Editorials & Other Articles, Issue Forums, Alliance Forums, Region ForumsLandlord sues L.A. for $100 million, saying anti-eviction law caused 'astronomical' losses
GHP Management Corp., owned by real estate developer Geoffrey Palmer, said in its lawsuit that 12 buildings it manages have experienced more than $20 million in lost rental income as a result of the measure. GHP, which filed the lawsuit along with several other Palmer companies, expects that number to triple by the time the moratoriums provisions have expired.
...
Palmer is a major donor to the Republican Party and a player in local, state and national politics. So far this year, he has put at least $200,000 into the recall committee targeting Newsom and at least $110,000 into the effort to recall Los Angeles County Dist. Atty. George Gascón, according to state records.
Palmer hosted a fundraiser for President Trump in 2019 and was identified a year later as one of Trumps top donors in California.
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Palmer has tangled with the city before, persuading a three-judge panel in 2009 to strike down rules requiring developers near downtown to provide a specific percentage of affordable housing in their residential projects. The decision dealt a major setback to the citys affordable housing efforts, said Gross, the tenant rights advocate.
https://www.latimes.com/california/story/2021-08-09/apartment-building-owner-geoffrey-palmer-sues-los-angeles-saying-anti-eviction-law-caused-astronomical-losses
DanieRains
(4,619 posts)Maybe Mr. Republican could sue TFG and all the Covid Spreader Republicans he pals around with. They played politics with the virus, and Mr. Landlord lost with millions of others. Too bad.
LiberatedUSA
(1,666 posts)Calculating
(2,957 posts)Or something like that. After all, if they own property not just for themselves, but to rent then they must be loaded and we can steal their income from them.
Calculating
(2,957 posts)It's not right for our government to just indefinitely postpone rent, and arguably violates some of our constitutional rights. The government is requiring that landlords quarter non paying tenants without compensation.
DanieRains
(4,619 posts)Many others are hurting.
I wish the government would loan people money to pay the rent, and have them pay it back over time. Everyone is whole, and charge 1% interest for a 25 year am.
Remember who was in charge.....
ripcord
(5,553 posts)They should have included mortgage payments and property taxes for landlords affected in the moratorium.
Chainfire
(17,757 posts)ripcord
(5,553 posts)The government voided their contracts with renters but more than a year later most have not received any compensation, expect them to sue for full compensation plus interest.
DanieRains
(4,619 posts)Not the government.
The renters signed a contract.
It sucks all around.
My friend's buddy had to go back to work. None of his renters were paying rent, and they were all still working.
Out or retirement!
ripcord
(5,553 posts)When the government orders someones property to be taken for the common good, even temporarily, they are responsible for reimbursement.
Dawson Leery
(19,348 posts)They own a house or a duplex. A lock of rental payment can be a problem.
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