Claims extracted
22
sentences that state something as happening or true
Uncertain
14%
3 of 22 hedged
("reportedly", "may", "according to")
Leaning
Leans left
of the writing, not the subject · beta estimate
Publisher signals
66/100
New York Post's corrections and
hedging, across everything collected from it. Not a measure of accuracy.
Outlets on this story
1
Economy/Business
Same framing elsewhere
1
articles that frame the event the way this one does
Why is LA trying to raise taxes and fees on residents while it’s sitting on potential billions in valuable property?
asserted
it → try → property
That’s the question raised by Councilwoman Katy Yaroslavsky, and it’s worth asking.
asserted
it → ’ → Yaroslavsky
As The California Post reported earlier this week, the city of LA owns about 7,500 properties in town.
asserted
city → report → town
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asserted
Sign → sign → California
The city doesn’t even know what any of it is worth.
asserted
any → know → it
But they all have value.
asserted
they → have → value
Certainly, amid all the political rhetoric about “affordability,” and the housing shortage, it would be interesting to ask what can done with these properties.
asserted
what → ask → properties
Taxing real estate transactions — which is what Measure ULA does — clearly doesn’t work.
asserted
ULA → tax → what
That tax makes “mansions” more expensive.
asserted
mansions → make → ?
It also makes commercial property and large apartment buildings more expensive to sell, and harder to build.
asserted
property → make → ?
There are clearly other ways the city can raise revenue — by selling unused assets.
asserted
city → be → assets
Alternatively, the city could rent these properties, or develop them.
Yaroslavsky’s idea is to follow New York’s example and create an economic development corporation for LA.
uncertain
idea → rent → LA
That could run into its own set of problems: LA’s bureaucrats haven’t exactly earned a great reputation for business, or for management.
uncertain
bureaucrats → run → management
Look at the mess San Diego is in.
asserted
Diego → look → mess
It has leased some public properties for a pittance, for decades.
asserted
It → lease → decades
There would have to be proper oversight of anything LA does with its property — and that oversight would have to be politically independent, not controlled by the City Council.
asserted
oversight → have → Council
One can easily see an LA-run real estate company become a vehicle for political patronage and corruption.
asserted
company → see → patronage
We have enough of that already.
asserted
We → have → that
City Controller Kenneth Mejia — who is no slouch when it comes to auditing bad landlords — should audit the city’s own real estate portfolio.
asserted
it → come → portfolio
The public should know what our city owns — and who is benefiting from it.
asserted
who → know → it
Then we could consider which properties to sell — and which to manage, if possible.
uncertain
we → consider → which
It’s rare that a good idea emerges from City Council, but Yaroslavsky deserves kudos for putting the issue on the radar.
asserted
Yaroslavsky → ’ → radar
The Aporia
