This morning’s L.A. Times features an excellent story about how CIM Group defrauds its tenants in poverty-stricken but gentrifying areas of the City, telling them that they’re about to be evicted and offering them small amounts of money to sign releases. Of course, in Los Angeles, most low-cost rental units are covered by rent control laws which give these tenants significant protections which they don’t know about. CIM Group takes significant and soon-to-be-illegal advantage of this ignorance.
CIM Group is famous for its criminal behavior, which has shown no sign of slowing down.1 This latest revelation won’t surprise anyone who’s paying attention. And remember that gentrification creates homelessness, and evictions create homelessness. In short, CIM Group creates homelessness. Monica Yamada creates homelessness. And they make a lot of money by making people homeless.
But these homeless people don’t go to waste, no. Some of them end up in Hollywood, where they generate a great deal of economic activity. They don’t share in the wealth they create, but that’s no surprise. First, they end up as the the subject of arrests and other interventions by Steve Seyler and his cheerful gang of good-will ambassadors. Those boys2 earn $1.5 million per year dealing with these homeless people. No homeless people, no $1.5 million.
Continue reading The Homeless Industrial Complex: How CIM Group, Monica Yamada, Kerry Morrison, Steve Seyler, And Their Assorted Minions And Cronies Eat What They Kill In Hollywood And Beyond