Plummeting skyscraper value deals huge blow to downtown Los Angeles

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KCAL News

KCAL News

Күн бұрын

Пікірлер: 245
@qqqcalls
@qqqcalls 4 күн бұрын
Bums, open drug use, street people.... there are certain areas of Downtown that are clean and feel safe but that is not most of the area.
@mrxman581
@mrxman581 4 күн бұрын
Yes, that is most of it. More people live in DTLA today than have in the last several decades.
@hiddenintheshadows530
@hiddenintheshadows530 2 күн бұрын
nope, corporations let people work from home and found it more profitable to not have offices. This lead to more leases ending and the value of office space dropped and then the value of property for office space. It's the housing bubble all over again with commercial real-estate. You would have to read and know more to actually understand what is happening
@qqqcalls
@qqqcalls 2 күн бұрын
@@hiddenintheshadows530 You get off on thinking that you are smarter than others... its just sad.
@mrxman581
@mrxman581 Күн бұрын
@hiddenintheshadows530 Yes, remote work is part of it. But leases aren't being completely canceled, more like adjusted because less office space is needed now. However, there are companies beginning to require their employees to return to the office, especially in circumstances where leases might be locked in long-term or the business has ownership of the property. Though, this could also make room for more businesses that could be smaller. I see as an opportunity to get a better lease.
@valetudo1569
@valetudo1569 Күн бұрын
Its commercial real estate vacancy in general... its not about the things outside
@h_3_x_
@h_3_x_ 4 күн бұрын
As our homeless live on the streets, rent is all time high and vacant building everywhere. We are hing scammed and lied too.
@myguy796
@myguy796 4 күн бұрын
We need to fix price gouging, put the homeless in shelters & get them jobs, and convert tall buildings into cheap apartments, but to do that we need to get money out of politics
@cbonilla10027
@cbonilla10027 3 күн бұрын
The homeless should be paid to clean the city. Give them aid while they better the city. At this point, I think they’d do a better job than Public Works.
@chrismiller8771
@chrismiller8771 3 күн бұрын
@@cbonilla10027I wish somebody paid me to clean up my mess.😂
@ejohnson3131
@ejohnson3131 3 күн бұрын
We just need reasonably priced housing! I’m not even saying “affordable” or “low income” housing, I’m saying reasonably priced housing that middle working class can afford. $3,000 for a 300sq ft studio is INSANE!
@MonsterPig007
@MonsterPig007 2 күн бұрын
that's actually reasonable for downtown.
@maximusandr
@maximusandr Күн бұрын
@@MonsterPig007 36k a year mate
@rb3455
@rb3455 Күн бұрын
The poor deserve "reasonable" too. There's a HUGE poor "working class".
@DarrkMane
@DarrkMane 10 сағат бұрын
@@MonsterPig007 Not reasonable at all if wages aren't going up to par with inflation / cost of living. Increased rent, but wage cuts.
@portcybertryx222
@portcybertryx222 2 күн бұрын
Downtown LA is improving, it’s a long road to recovery but honestly I’m happy office values are plummeting. They were very inflated anyway.
@mr.d7237
@mr.d7237 10 сағат бұрын
Many businesses in my field of consulting have gotten rid of their offices. All work is done remotely. Efficiency has increased. Business is good. We will NEVER go back to the office.
@thatguynico
@thatguynico 3 күн бұрын
Love how Nella Mcosker is doing the interview from home 😂😂😂
@RaymondHng
@RaymondHng 2 күн бұрын
It’s more expense and time for the news station to send a cameraman and correspondent to a remote location.
@pigjubby1
@pigjubby1 4 күн бұрын
My spouse used to work in the legal field in downtown. Never, ever again. It is the lawlessness and homelessness that was the sole factor. No money is worth the risk of robbery and injury.
@mrxman581
@mrxman581 4 күн бұрын
That was decades ago. Many law firms moved to Century City decades ago. More people live in DTLA today than they have in decades.
@zzygyy
@zzygyy 3 күн бұрын
The smell of urine on the sidewalk is nasty
@pigjubby1
@pigjubby1 3 күн бұрын
@@mrxman581 A few moved to Glendale. Anywhere where there is no Metro Rail. If there is a Metro Rail within a mile of your work place or home, start looking elsewhere.
@lolacookie453
@lolacookie453 23 сағат бұрын
@@mrxman581Century City is a lovely, clean and safe area
@mrxman581
@mrxman581 19 сағат бұрын
@lolacookie453 Yes, it is. But let's be clear, there are areas in DTLA that are also great. The whole Bunker Hill area is great. The LA Live area is always full of people. The Little Tokyo Plaza is going through a rebirth. The Century City shopping center has also gotten a high-end makeover in the last several years. A D line subway station is currently under construction beneath the shopping center. It's scheduled to open in 2026.
@myguy796
@myguy796 4 күн бұрын
Just convert the tall buildings into cheap apartments, no more empty building
@plantsplantz2116
@plantsplantz2116 3 күн бұрын
Or vertical sports arenas for basketball football and concerts😅
@jmac6499
@jmac6499 3 күн бұрын
It's very difficult to convert them because the structure of an office building and residential building are very different. It can also take many years to convert.
@saythankyou111
@saythankyou111 2 күн бұрын
It’ll get trashy in a month 😏
@RaymondHng
@RaymondHng 2 күн бұрын
It’s not that easy to convert to residential apartments. Residential units require extra plumbing for water and pipes for sewage to added kitchens and bathrooms.
@BettyBlack99
@BettyBlack99 8 сағат бұрын
Bringing cheap apartments to cities brings even more crime & poverty to the area. We need to get rid of people who are hogging up our cheap housing all over the state that aren’t supposed to be in this country. Lower taxes & stop running businesses out of the state. People want to be where it is safe & there are financial opportunities. Stuffing more housing in every open space, including people’s back yards, while flooding in millions of uneducated, unskilled poor people will make things continue to decline.
@Jm8126-5
@Jm8126-5 3 күн бұрын
The crime is out of control in LA. No one wants to be there. I moved out and couldn’t be happier.
@burgers3309
@burgers3309 2 күн бұрын
😂😂😂😂
@mariomartinez138
@mariomartinez138 Күн бұрын
Crime use to be worse in the 90s stop the band wagon you morons
@cameronward4160
@cameronward4160 17 сағат бұрын
We're all super pumped that you left too.
@flanagamer
@flanagamer 5 сағат бұрын
Where’d you go? Vegas? 😅😅
@Innawor1d
@Innawor1d 43 минут бұрын
If you’re so happy to have moved out why are you on a local LA news page, wouldn’t that cause you more aggravation
@AKAAAK
@AKAAAK Күн бұрын
Blame the government. The pandemic happened 4 years ago. The building has been losing value before that. Government NOT addressing social issues, open drug use, increasing homelessness, taxes on businesses just trying to survive, and to top it off.....outrageous cost to live in LA and CA in general is enough to drive economies downward. But good luck with the turn around, I left and didn't look back. Couldn't be a better life now.
@BilldoeTruth
@BilldoeTruth Сағат бұрын
Economieshelteracism NYC 😢
@OGSAFUNKATEER1901
@OGSAFUNKATEER1901 18 сағат бұрын
Downtown LA is one of the ugliest downtowns compared to many large metro cities. Blame the lose of value on that.
@david9156
@david9156 Күн бұрын
Guys I’m an LA Native - born in 81’. DT LA sucks no offense if u live there. It’s filthy and still hasn’t been cleaned up much in the past 40 years.
@rollinthunder8671
@rollinthunder8671 4 күн бұрын
If u want to see whats on store for California if this doesn't change Look at Canada
@shelbynamels973
@shelbynamels973 4 күн бұрын
Not to discount the news too much, but this valuation is just someone's opinion, and I don't know why they decided this is a job that had to be done. This valuation is basically meaningless, unless the BofA tower is up for sale, which it isn't, or it got re=assessed for property tax purposes. Nice that they made mention of the Oceanwide Plaza. That place is going to be a thorn in the side of DTLA boosters for a long time to come.
@mrxman581
@mrxman581 4 күн бұрын
Oceanwide Plaza will get finished because it's in a fantastic location, and real estate is primarily about location. It would have been sold by now if it wasn't for Covid. That southern area of DTLA has had the most construction in the last 12 years. Now it's about buying it at the right price.
@condor7810
@condor7810 3 күн бұрын
Oceanwide Plaza is currently for sale via a receivership process. The eventual buyer will complete the project & improve the area, etc.
@shelbynamels973
@shelbynamels973 3 күн бұрын
@@mrxman581 Maybe, maybe not. Fact is, the area right across the street to the south was still a parking lot when construction on Oceanwide started. It has since been completed and is in operation as a multi-purpose retail/residential property, with no hint of the problems that bedevil its neighbor to the north. Just shows that a real estate project can be completed, even with Covid.
@shelbynamels973
@shelbynamels973 3 күн бұрын
@@condor7810 Yes, some company got retained to market Oceanwide, and they make all the right optimistic noises about finding a buyer. But there is not even the rumor of a pending sale in the air, for one simple reason - the building in its current form is unsellable. It would take another billion to complete, and it would take as much money as it is currently valued at to knock it down. It means a company would be spending 400 million to end up with a 4.5 acre parking lot, which is what Oceanwide was before 2016.
@shelbynamels973
@shelbynamels973 3 күн бұрын
@@condor7810 While an agency has been tasked to find a buyer, and they are making the right optimistic noises, there is not even the rumor of a sale in the air. As it is, Oceanwide is practically unsellable. It would take another one billion to finish, and it would take the current valuation of fourhundred million to knock it down. If leveled, all they would end up with is a 4.5 acre parking lot, exactly the same thing that was there eight years ago.
@TapNewo
@TapNewo 4 күн бұрын
its a great time to get a crazy deal on a condo in downtown though....
@Lyndon-cs7ib
@Lyndon-cs7ib 2 күн бұрын
Bank of America tower downtown LA used to be call Security Pacific Bank it has been there for 50 years completed in 1974
@pzm958
@pzm958 4 сағат бұрын
They put the homeless crisis at the very END of the report!! That is your NUMBER ONE problem!!! Being in a downtown is great and the energy of a thriving downtown adds to economic growth!! But when you have out of control crime issues - open drug use - homeless explosion despite spending millions of tax dollars to ZERO effect - horrible and unsafe public transit; you are just wanting yoour effert as far as downtown goes!! Elevate your standards and we will have a thriving city once again!!
@lamarodom
@lamarodom Күн бұрын
It’s ghetto, it’s dangerous, it takes forever to drive in and out of.
@g.g.2620
@g.g.2620 3 күн бұрын
The pandemic did cause the depreciation. The mayor and city council purposely caused this through negligence, poor ideologies, bad policy, and ignoring the rule of law.
@ap774
@ap774 3 күн бұрын
Downtown LA is just too dangerous, I would rather work somewhere safe like Playa or Irvine.
@ivanp2490
@ivanp2490 15 сағат бұрын
There is zero appetite to go or do anything in downtown LA. There is little to nothing to do and it's not safe.
@AlejandroPerez-px2vc
@AlejandroPerez-px2vc 3 күн бұрын
Hate to break it to you, but it will never be the same with all the crime and lawlessness.High taxes good luck.
@richardgreen2200
@richardgreen2200 2 күн бұрын
The same as what Alejandro? Most things change Scooter, sometimes for the better, sometimes not. What likely won't change is your negative, narrow minded, Debbie Downer, ignorant, unhelpful assessment of things which you know nothing about.
@hiddenintheshadows530
@hiddenintheshadows530 2 күн бұрын
Crime is down, wtphk are you talking about
@hiddenintheshadows530
@hiddenintheshadows530 2 күн бұрын
Traffic-Related Crimes are higher than ever, yet everything else is down Traffic-related crimes in Los Angeles include DWIs, driving under the influence of drugs, reckless driving, and felony hit-and-run collisions. All occur on the roads in Los Angeles. Last year, the following increases or decreases were observed in these areas: Hit-and-run crashes that resulted in fatalities increased by 23% Driving under the influence crashes resulting in death increased by 32% Pedestrian deaths caused by vehicle collisions increased by 13% Rounding out LAPD’s 2023 findings are a reduction in homeless-related homicides of 36%, a 10% decrease in Part 1 crimes, and a 26% decrease in gang-related homicides.
@BettyBlack99
@BettyBlack99 7 сағат бұрын
@@hiddenintheshadows530crime is down. The media & politicians have been gaslighting the public for years now. The voters know it & that’s why we overwhelmingly voted for change. Crime reporting might be down, arresting criminals def down, prosecuting crime is down. But crime is definitely not down.
@BilldoeTruth
@BilldoeTruth Сағат бұрын
Shelteracism NYC 😢
@foofan4386
@foofan4386 3 күн бұрын
I love how at the end of the story they mention the REAL problem all the CRIME!
@hiddenintheshadows530
@hiddenintheshadows530 2 күн бұрын
funny because crime has been down, and only went back up in 2021/2022 and those stats aren't higher than it was 10yrs ago
@RatfromNadeaust
@RatfromNadeaust Күн бұрын
I worked in many of these buildings, from security to the actual law firm. Most Attorneys don't show up because they rather save gas money and dry cleaning clothes everyday. So they work from home. Bankers as well!! Plus the food around the area is really over priced and not the best.
@bolsbolbol368
@bolsbolbol368 Күн бұрын
A few years ago, some crazy people told me that LA would fall apart. And they would just put homeless and low income people in the vacant buildings while forcing taxpayers to pay for it.
@queenofscots839
@queenofscots839 4 күн бұрын
Ummm I wonder… sanctuary city nightmare.. it’s disgusting
@ChosenOne6666
@ChosenOne6666 4 күн бұрын
The gibberish you post on the internet.
@mrxman581
@mrxman581 4 күн бұрын
Vapid comment
@Lkjgd
@Lkjgd 4 күн бұрын
Yeah girl 99% of these bums are americans are you new here?
@richardgreen2200
@richardgreen2200 2 күн бұрын
Yet LA, SF, NY, DC, etc continue to attract the most talent, the brightest, the most energetic. Where are you 'queen', somewhere in Iowa or Alabama or some other dying backwater? You have likely never been to Los Angeles nor to any other 'sanctuary city'. The nightmare is your limited brain capacity, bigotry, lack of curiosity and belief that everything you don't understand (which is most everything on this planet) is "disgusting".
@BettyBlack99
@BettyBlack99 7 сағат бұрын
@@ChosenOne6666it’s true.
@vannavanity1195
@vannavanity1195 Күн бұрын
It's people working at home. Why rent office space if you don't need to?
@microbios8586
@microbios8586 9 сағат бұрын
In fairness, what CBD anywhere in the nation isn't dealing with the same problems? All downtowns are crumbling.
@Aggie4life77
@Aggie4life77 8 сағат бұрын
Here in Dallas, most downtown towers are being converted to Condos!
@SweetSpotDon
@SweetSpotDon 3 күн бұрын
Mayor needs to step up or get out
@LordHaveMercyOnUs247
@LordHaveMercyOnUs247 3 күн бұрын
You get what you vote for! Stop voting blue! SMH 🤦‍♂️
@User5_
@User5_ 4 күн бұрын
Where did the tenants go? Out of business, out of the state?
@mrxman581
@mrxman581 3 күн бұрын
@User5_ Many didn't leave, but downsized their leases in the last few years due to working from home.
@bloodz0r
@bloodz0r 3 күн бұрын
Get rid of the skid row...
@MonsterPig007
@MonsterPig007 2 күн бұрын
change the name to LA Zoo.
@mrxman581
@mrxman581 4 күн бұрын
The people interviewed are correct. There are more people shopping, eating, going to events, etc. today than 2 years ago. And before Covid it was even better. Covid lasted 3+ years, so it will take a little longer to get back to pre Covid activity. That's the case in many of the bigger cities.
@issahumps
@issahumps 2 күн бұрын
Covid lasted 3 years 😮 thank god my city stopped the lockdown by 2021 lol I feel bad for you blue states that had to go multiple years.
@thewiseguy3529
@thewiseguy3529 3 күн бұрын
They cost more to maintain an upkeep than they're even worth.
@theorigin1891
@theorigin1891 23 сағат бұрын
No way a pharmacy worker can afford living dtla
@Mikemikeswehomenow
@Mikemikeswehomenow 3 күн бұрын
No money is worth the risk of getting robbed or injured
@sambistabeauty
@sambistabeauty 2 күн бұрын
No you can blame corporations for owning residential property. CORPORATE LANDLORDS buting RESIDENTIAL PROPERTIES SHOULD BE ILLEGAL!
@marlanfarrokhi
@marlanfarrokhi 2 күн бұрын
It’s so frustrating when you speak to people from different walks of life clearly explain the issues La is having only for the same people to be told “actually studies show the city is doing better than ever!”
@BettyBlack99
@BettyBlack99 7 сағат бұрын
Yep, gaslighting never ends. But people are stopping to get hip to their bs. It’s very unfortunate we got a lot of the same & some worse local leaders coming back n this elections. they r really out of touch with the people
@cloudnationmedia8326
@cloudnationmedia8326 2 күн бұрын
If you put alot of senior housing up that would help. More luxury and pricey housing won't help as you can see. Also, tourism is what has provided the uptick of foot traffic
@BettyBlack99
@BettyBlack99 7 сағат бұрын
Neither will stuffing poor people n there.
@DrDabb47
@DrDabb47 Күн бұрын
Nothing goes up in value forever maybe this part of the commercial real estate bubble popping. A terrible thing but it would be very good in the long term if all real estate prices crash instead of 1M houses you would have 250k houses. 250k for a house puts it in the range many more people.
@realcapers
@realcapers 23 сағат бұрын
Sounds like if you are young, this is the time to invest in commercial real estate. Be greedy when others are fearful. This market will recover in the long term. Buy REITS.
@MartinCPA
@MartinCPA 23 сағат бұрын
Everyone should thank Dr Fauci.
@fortyleaf666
@fortyleaf666 18 сағат бұрын
Homeless can live in the empty buildings
@element720
@element720 3 күн бұрын
FIX THE CRIME AND HOMELESSNESS, MAYOR & GOVERNOR
@lawyer1165
@lawyer1165 4 күн бұрын
Perhaps some of those empty office buildings can be converted into city or county jails.
@BettyBlack99
@BettyBlack99 7 сағат бұрын
Maybe Trump can use them for detention camps
@xote316
@xote316 Күн бұрын
Buddy ran tf out that light @2:55 😂
@saulpineda2737
@saulpineda2737 Күн бұрын
I’m optimistic…. DTLA we see a future renaissance! Sometimes, YOU HAVE TO GO DOWN TO HELL… TO RISE BACK UP!
@eddieg6436
@eddieg6436 4 күн бұрын
The ONLY reason I go near Downtown is to go to the Broad every two years. 🤷🏼‍♂️🤷🏼‍♂️🤷🏼‍♂️
@KreweOfBridge
@KreweOfBridge 3 күн бұрын
Watching from Lake Charles Louisiana ⚜️❤️💛
@MonsterPig007
@MonsterPig007 2 күн бұрын
who cares? lake charles is a swamp.
@Futuristbillpicone
@Futuristbillpicone 2 күн бұрын
And no one watches Louisiana
@stevendekold4579
@stevendekold4579 Күн бұрын
crimes and bums everywhere
@juswolf22
@juswolf22 Күн бұрын
What goes up must come down
@Mikemikeswehomenow
@Mikemikeswehomenow 3 күн бұрын
Open drug use needles everywhere people building tents outside of your apartment building. Of course no one wants to live here for those high prices.
@PalmBeachDog
@PalmBeachDog 4 күн бұрын
I thought the mayor was to fix all of these problems. Must be at brunch again.
@richardalex4516
@richardalex4516 3 күн бұрын
Brunch since she was elected.
@nochill9475
@nochill9475 20 сағат бұрын
Isn't L.A the same city with that huge homeless population, Saints Row? Come on, use your brains! Since the internet, commercial space has been rapidly becoming more vacant, but then the pandemic sealed it. It's not all bad, it just requires some reshuffling. 1. Make the office buildings, residential. 2. Watch the people move in. 3. Then L.A can move the homeless off the streets and into houses.
@BettyBlack99
@BettyBlack99 7 сағат бұрын
Lol, how many would u rent to? They need to be able to be productive members of society & they aren’t. It’s all one big grift. Keep Americans drugged out on the streets & flood in millions more uneducated poor people who will work for bare minimum & are easier to control.
@randygravel2057
@randygravel2057 3 күн бұрын
No one wants to live in downtown LA.
@ppploans2726
@ppploans2726 3 күн бұрын
Don’t believe downtown will be booming soon Olympic is coming to town people 🎉
@arctic_jake
@arctic_jake 16 сағат бұрын
i hope LA beaurecrats look at Houstons solution for homelessness would help a lot!
@sang7349
@sang7349 Күн бұрын
Clean up the streets then dtla will prosper
@fxh2693
@fxh2693 3 күн бұрын
It took you two minutes to get to "visible blight." First word about crime was literally in the last 5 seconds of the piece. The first job of government is security. LA and CA have utterly failed in that regard. It has taken about 15 years in the California Legislature's war agains law enforcement. Now we are seeing the consequences. It will take decades for LA to recover. In a representative democracy, the people have only themselves to blame.
@idkidk8278
@idkidk8278 19 сағат бұрын
Covid19 didn't start in US until 2020 that's almost 5 years ago... What about the other 5 years?? I Doubt covid was the only problem either way
@JorgeLuis-gk9pn
@JorgeLuis-gk9pn 2 күн бұрын
Thanks to your woke governor and mayor look at Santa Monica ghost town
@videomax702
@videomax702 15 сағат бұрын
i got 5 on it
@ghosttownbound
@ghosttownbound 3 күн бұрын
The only constant in life is change....... Get with it or whither
@MightyMouse11
@MightyMouse11 4 күн бұрын
Downtown la is skid row. I’m glad I don’t work in downtown. Horrible place to work. Crime. Traffic. Pollution. Never again.
@mrxman581
@mrxman581 4 күн бұрын
Not true. Skid Row is a tiny area in the more industrial area of DTLA.
@michaelellringer5600
@michaelellringer5600 3 күн бұрын
@@mrxman581 Nothing easier in the world than to generalize!
@michaelellringer5600
@michaelellringer5600 3 күн бұрын
@@mrxman581 It's no skid row!
@michaelellringer5600
@michaelellringer5600 3 күн бұрын
@@mrxman581 The OP stated it as if the entire DTLA was skid row!
@mrxman581
@mrxman581 2 күн бұрын
@michaelellringer5600 OK. I just reread the thread. You were talking about the OP's comment, not my replies. I apologize. Hope you had a great Thanksgiving.
@nathanielsingleton6302
@nathanielsingleton6302 Күн бұрын
The same thing is happening in NYC and most major metro areas across the country. I find it funny that they report on this now after the election. This has been trending this way since the pandemic began. It’s almost like they didn’t want it to affect a certain candidate for the election. Too bad they didn’t win. 😂
@adanr2389
@adanr2389 4 күн бұрын
Make those empty offices into affordable housing units so that people that work in LA can live there.
@imonaroll9502
@imonaroll9502 4 күн бұрын
They won’t, because LA has too much crime.
@RaymondHng
@RaymondHng 2 күн бұрын
It’s not that easy to convert to residential apartments. Residential units require extra plumbing for water and pipes for sewage to added kitchens and bathrooms.
@imonaroll9502
@imonaroll9502 2 күн бұрын
@ as a person who worked in Downtown LA, law offices can easily be converted to living spaces but kitchens would have to be electric. Only problem is the high HOA fees that they impose to keep out regular people. They only want the elite.
@BettyBlack99
@BettyBlack99 7 сағат бұрын
@@imonaroll9502well honestly, as a person who is dealing with the results of “affordable housing” in my city- i’d love to have the elites. We r an absolute dump of homeless , sidewalk meat sales, & gangs. We need to clean house. Get rid of the millions living here illegally hogging up housing. Making our streets looks like a grease stained lawless foreign bario.
@Mikemikeswehomenow
@Mikemikeswehomenow 3 күн бұрын
1:59 she’s working from home🎉🎉🎉🎉🎉🎉🎉😂😂😂😂😂
@mathieufaltys
@mathieufaltys 3 күн бұрын
This story is literally about some really rich people who had their portfolio value slightly downgraded.
@myagent21
@myagent21 3 күн бұрын
The real estate bubble. Welcome back to reality
@fromtheblock213
@fromtheblock213 4 күн бұрын
Good things are to expensive
@carloszamudio4492
@carloszamudio4492 3 күн бұрын
Shows de sky is falling...nope...just de facade...🤔
@SloppySlow
@SloppySlow 3 күн бұрын
Blame the pandemic, not the bad liberal policies
@Builtbycampos335i
@Builtbycampos335i 4 күн бұрын
Same as a car bro
@Isaac-ev3nq
@Isaac-ev3nq 3 күн бұрын
You know it's bad when even China jumped ship 💀
@michaelellringer5600
@michaelellringer5600 3 күн бұрын
let me guess, with a statement like that, you got a degree from Harvard University?
@brawnbenson552
@brawnbenson552 2 күн бұрын
EverGrand went bankrupt back in China. That’s why it’s abandoned. Duh
@MrKentaroMotoPI
@MrKentaroMotoPI 3 күн бұрын
Urban hellhole
@ydne
@ydne 4 күн бұрын
If a business is currently still successfully using remote workers they might be the ones who can help keep the roads moving. Drawing new businesses into downtown areas, who are looking for the perks of being downtown - like mass transit, networking opportunities and easy access to services, might be a better group to focus on.
@BettyBlack99
@BettyBlack99 7 сағат бұрын
Lol have u been on our trains?
@Boc3phu5
@Boc3phu5 Күн бұрын
Good.
@AdamWolfsdesigns72
@AdamWolfsdesigns72 3 күн бұрын
Yeah well no new design growth, No new job Growth. And the city's will be like we are now. Broke and with out work. And high crime and drug use with mental issues. I design Camp trailers. And I haven't been able to do much of anything to get my prototype licensed in the five years I have been working on the first one for survival camp trailers for the street to mountains. So not only the homeless. But all people in our country. Save America by building and designing new designs from Americans to keep America the top designers leading the world over. With a stamp Stating made in the USA. Adam Wolf
@robertcaldwell7571
@robertcaldwell7571 3 күн бұрын
Are we now using the word pandemic instead of using the word Democrats? And then at the end of this propaganda piece, you actually said things are great in L.A. because traffic is bad? Wake up from being woke.
@danlowe8684
@danlowe8684 3 күн бұрын
For those that believe converting office towers to apartments is realist, I have bad news. It costs 3X to 4X times the amount of breaking ground on a new tower. Not my opinion, but the simple reality - and the reason that it is not occurring.
@RaymondHng
@RaymondHng 2 күн бұрын
It’s not that easy to convert to residential apartments. Residential units require extra plumbing for water and pipes for sewage to added kitchens and bathrooms.
@njv1234
@njv1234 3 күн бұрын
I blame the homies
@BilldoeTruth
@BilldoeTruth Сағат бұрын
Homieshelteracism NYC 😢
@mateobaysa2055
@mateobaysa2055 8 сағат бұрын
Welcome to economic depression ya’ll.
@EnriqueMarq
@EnriqueMarq 3 күн бұрын
..so sad
@phillipgonzlez8635
@phillipgonzlez8635 4 күн бұрын
Thanks Gavin ….
@supertec2023
@supertec2023 3 күн бұрын
Thanks capitalism. We have more billionaires than ever and more homeless than ever
@michaelellringer5600
@michaelellringer5600 3 күн бұрын
What's he got to do with it, Harvard University graduate?
@phillipgonzlez8635
@phillipgonzlez8635 3 күн бұрын
@ ok🤖. The governor has nothing to do with anything lol
@michaelellringer5600
@michaelellringer5600 2 күн бұрын
@@phillipgonzlez8635 There's empty skyscrapers all over the country, in red states and red cities as well! Have you been spending too much time with Trump?
@phillipgonzlez8635
@phillipgonzlez8635 2 күн бұрын
@@michaelellringer5600 he’s not your president yet 😂🤣🤡
@Anyone553
@Anyone553 4 күн бұрын
I don’t believe it’s improving…..traffic is horrible, homeless people talking to themselves…… I don’t think L. A is going to be ready for the Olympics……facts!
@2-old-Forthischet
@2-old-Forthischet 3 күн бұрын
It's not just the pandemic. Having worked in the telecom industry, people are going to be obsolete. The company I worked for, moved the work to other states where cost of living is much lower which means lower pay. Verizon sold off their landline business in California and now ATT wants to do the same but were refused. I've worked in downtown LA and the area has gone downhill since the 70's. Former "high rent" areas are now slums. You can lie to yourself all you want to, but once an area becomes blighted, it will never come back. Yes, I even worked in South LA too.
@mrxman581
@mrxman581 3 күн бұрын
@2-old-Forthischet Wrong. In fact, Verizon is said to be in the process of buying back what it sold to Frontier. The vast majority of DTLA remains absolutely fine, and streets like Broadway and Los Angeles in the historic core are improving from the worst of Covid. I worked for both Pacific Bell and AT&T in the 80s. There are many more people living in apartments and condos today in DTLA than there were when I worked there. The whole of South DTLA has had a lot of new development. Transit projects like the Regional Connector have made a positive difference.
@2-old-Forthischet
@2-old-Forthischet 2 күн бұрын
@@mrxman581 well, I guess we just disagree. I retired from ATT 18 years ago and the special services group I worked in is now defunct. I visit the J-Town area once in awhile and it is horrible. Chet on the sidewalks, homeless sleeping in front of businesss, etc.
@mrxman581
@mrxman581 2 күн бұрын
@2-old-Forthischet Not true. When were you in J-town last? I was just there last Sunday, 11-17. I first went to the Natural History Museum to attend the opening of the new wing with Gnatalie, the green dino. I then headed to Little Tokyo to check out a Godzilla popup store where I bought a figurine of the original Godzilla. LA Metro had a cross promotion going with them. LA Metro was playing the Godzilla roar on the speakers at the station. It sounded like Godzilla was in the station tunnels. There were also large banners on the mezzanine level. After buying my figurine, I walked around the big main Plaza and grabbed a bite to eat. The food was great. Best spicey miso soup I've ever had. BTW, it was around 6 pm, and the Plaza was packed with people of all kinds. The Regional Connector and the new underground station that opened in June 2023 has been a huge boon to Little Tokyo. You should go check it out and use the LA Metro E or A line to get there. You'll be pleasantly surprised. I used the E line to go to both the museum and J-Town.
@2-old-Forthischet
@2-old-Forthischet Күн бұрын
@@mrxman581 wasn't that Metro station where a nurse going home was recently killed waiting for the ride? You may like it, but no thanks. I stay away from downtown LA as much as possible.
@mrxman581
@mrxman581 Күн бұрын
@2-old-Forthischet It was the North Hollywood station on the B subway line. She was a security guard going hone at 5:30 am after a long shift. She was stabbed to death by a known homeless man with mental illness. He was captured around 30 minutes later on a nearby street. This incident is what prompted the TAP to exit pilot program. Metro said that 95% of criminality on the LA Metro is committed by people who don't pay the fare. Since this pilot went into effect, they've caught many fare evaders and have kicked them off the system or made them pay. The data from the last few months has shown a positive change at the station. BTW, technically, driving in LA is more dangerous. There are 1 million boardings per weekday across the LA Metro.
@supertec2023
@supertec2023 3 күн бұрын
LoL
@chrismiller8771
@chrismiller8771 3 күн бұрын
A template of democratic leadershit. Have fun.😂
@amirsadeghi9888
@amirsadeghi9888 4 күн бұрын
luxury condos and dtla don't mix, just regular nice decent apartments, no need for luxury, Also, improve the roads, add two more lanes on each side of the freeways, you need to invest in personal transportation along side public transportation. and safety is a no brainer.
@mrxman581
@mrxman581 4 күн бұрын
You're obviously not from LA, and you're wrong.
@amirsadeghi9888
@amirsadeghi9888 3 күн бұрын
@@mrxman581 why do you say that? because of my name? try again
@Eugene-pt5lu
@Eugene-pt5lu 3 күн бұрын
​@amirsadeghi9888 Because we don't do frontage roads next to freeway.
@amirsadeghi9888
@amirsadeghi9888 3 күн бұрын
@@Eugene-pt5lu but the entire 110 in dtla corridor has frontage ramps and roads... so I don't know what you're talking about. But the American practice of putting housing right next to the main road is absolutely stupid, it really reduces peace and quiet for the occupants. Example, houses and apartments right on Wilshire or Crenshaw blvds, or houses that share a wall with 118 freeway. its absolute insanity and torture.
@mrxman581
@mrxman581 3 күн бұрын
@@amirsadeghi9888 🤣🤣🤣 ... your name? I don't bother. I'm replying to your blabbering.
@warrentoles3127
@warrentoles3127 4 күн бұрын
The treasury is resetting this stuff to make it affordable
@thewiseguy3529
@thewiseguy3529 3 күн бұрын
To demolish it. Watch and see.
@memphiscalifornia2195
@memphiscalifornia2195 3 күн бұрын
Good
@SloppySlow
@SloppySlow 3 күн бұрын
Sucks to be a Californian 😂
@michaelellringer5600
@michaelellringer5600 3 күн бұрын
Suck to live in a red state like Louisiana, Alabama or Mississippi! CA has the 4th largest economy in the world! That sucks?
@mrxman581
@mrxman581 3 күн бұрын
@@SloppySlow vapid comment
@BilldoeTruth
@BilldoeTruth Сағат бұрын
Shelteracism NYC 😢
@Stromboli15
@Stromboli15 3 күн бұрын
Yeah, now that LA is a sanctuary city, there’s plenty of high rise buildings that can be renovated into apartments for the folks on the way back to LA.👌😉😘🤌
@BettyBlack99
@BettyBlack99 7 сағат бұрын
More like a detention camp for those on their way out
@Mikemikeswehomenow
@Mikemikeswehomenow 3 күн бұрын
No money is worth the risk of getting robbed or injured
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