Rents will go up as thousands of displaced homeowners and tenants hit an already tight market, analysts and advocates said. Insurance costs, contracting and permitting are among the myriad of stressors added to L.A.’s housing challenges, many of which were already at risk of worsening.
Price gouging is good business. Bribing officials is good business. Collusion, vertical integration, and monopolies are excellent business.
Just because something generates a profit doesn’t mean it should be allowed. With the social contract completely broken, there are no guardrails on what companies will do or what their employees have been taught they should do at all costs.
With no social contract, Luigi will become the norm. Because why not? When you’re at rock bottom there’s no place to go except up.