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Hustl: Who Will Benefit from the California Debacle?

stock here: This guy covered Lahaina like a Champ until his YouTube was Shutdown. I should copy this to Bitchute.

PRO TIP: When they start jacking up your home insurance rates, and cancelling policies en masse in your area….either build a pool with a gas pump always available to protect your structure, or just sell and move….since THEY are going to be burning your neighborhood down. They detest private owned properties, and also detest single family homes.

A-Eye transcript

Zoning and Housing Laws

0:00 – Starting to relax some of the zoning laws, especially in working-class neighborhoods like Altadena. Developers are now allowed to build duplexes and apartments. However, this change is raising significant concerns:

“If we close one station or resource, the residents of Los Angeles will pay the ultimate sacrifice, and someone will die,” critics argue.

Crowley, appointed in 2022, has been accused of doing little to address potential catastrophes caused by underfunding and resource cuts to the LAFD.

Potential Beneficiaries of the Crisis

0:34 – Los Angeles fires could have been avoided if the necessary actions were taken. The transcript asks, “Who benefits from this destruction?”

Leo Ptil Nikov:

Real estate developer and founder of SLH Investments.

Purchased 17 buildings on Skid Row for $10 million and gained 1,200 units in downtown LA. The deal included $9 million for repairs and renovations.

History of flipping properties: For instance, sold Baltimore and King Edward hotels after limited renovations, profiting $10 million.

Builder Remedy:

Legal tool allowing developers to bypass zoning restrictions if municipalities fail to comply with state housing laws.

Requires 20% of units to be low-income, but only for up to 30 years.

Environmental and Political Challenges

5:01 – Local communities are resisting these developments:

LA Superior Court ruled against Leo’s mixed-use project at the former Sea Lab site due to non-compliance with the Coastal Act.

Governor Newsom’s executive orders are seen as favoring developers by suspending environmental reviews.

5:49 – Insurance challenges further exacerbate the situation:

Post-fire homeowners struggle with canceled insurance policies or skyrocketing premiums.

Examples include:

Claims based on drone imagery leading to canceled policies.

Premiums rising tenfold or more for some homeowners.

Insurers rejecting valid claims or ignoring professional assessments.

Impact on Working-Class Communities

6:50 – Many people in LA are unable to rebuild their homes after fires due to insurance issues and rising costs.

Developers are poised to replace single-family homes with high-rise buildings, taking advantage of Builder Remedy laws.

Billionaire investors benefit from long-term strategies, while working-class families lose their homes and communities.

Political Accountability

8:32 – Criticism of Gavin Newsom:

Accused of enabling developers and failing to protect vulnerable communities.

Allegations of receiving financial backing from entities like PG&E, which faced federal felony charges.

10:00 – Role of other politicians:

Karen Bass criticized for cutting the LAFD budget by $23 million during a critical time.

These decisions are linked to reduced resources for fire prevention and emergency responses.

Insurance and Financial Manipulations

11:00 – Examples of insurance challenges:

Residents in Paradise, CA, faced similar issues post-fires.

Insurance premiums for survivors are unaffordable, pushing people to abandon their properties.

PG&E’s $13.5 billion settlement for damages left victims with less than 1% compensation after a year.

Broader Implications

12:00 – Builder Remedy’s potential long-term impact:

High-rise developments replacing single-family homes.

Investment firms like BlackRock poised to benefit.

Politicians face criticism for enabling the erosion of community-oriented living.

Federal Investigations

13:00 – Developments in national politics:

James Comer, Chair of the House Oversight Committee, calls for the prosecution of James Biden, alleging he lied to Congress.

Allegations that Hunter and James Biden benefited financially through their relationship with President Biden.

Conclusion

15:00 – The transcript raises concerns about:

Developers and politicians exploiting crises for financial gain.

The loss of community values in favor of high-rise developments.

The need for holding politicians accountable to ensure the protection of vulnerable communities.

This comprehensive analysis highlights the intersection of environmental crises, political decisions, and economic exploitation. It underscores the urgent need for transparent governance and community-focused solutions.

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