WOW! Los Angeles Council EXPOSED by a resident for spending $450 million dollars to house only 1,144 people. USAIDs is not the only sauce.
(twitter.com)
🚔 Crime & Democrats 💸
Comments (11)
sorted by:
Wowzer
This corruption as a way of life needs to end by a rope.
Really want to see it.
That's $393,356.00 per homeless. Hmmm. But, they're still on the streets.
They could have purchased nearly an entire chain of 1,500 Motel 6s across the country for this money. It would permanently house these people and many, many more.
See this: Motel 6 (G6 Hospitality) was sold in 2024 for $525 million by Blackstone to OYO. Franchise Costs: Initial investment for a new franchise can range from $2.6 million to over $8 million.
Individual Property Sales:
Prices vary hugely; a 156-room Motel 6 in nearby Hacienda Heights sold for $12.45 million as part of a Project Homekey conversion. Each room had at least 2 double beds. (2x 156 = 312). Therefore, one property could house up to 312 people.
So, if one 156-room Motel 6 went for $12.45 million, then they could have bought THIRTY SIX Motel 6s, offering rooms with beds for up to 11,232 persons!
Or, spent only $99,600,000 to buy 8 Motel 6s, housing 1,248 homeless, and used the rest of the money ($350,000,000) to put in an endowment that generates an income to feed them and maintain the homeless and their premises.
They don't want to help the homeless. Period.
Thet means theres 449 million that was stolenif they housed anyone at all.
Less than 1%
It's called the homeless industrial complex.
It's racket.
One percent for housing criminals, 99% for council members' pockets.
You got it.