Yesterday the Los Angeles City Council considered and passed1 a long list of motions intended to alleviate some of the devastating effects of the coronavirus pandemic on our City. One of the most essential of these was CD11 rep Mike Bonin’s motion to stop evictions and ban late rent fees until the end of the emergency declaration and then give renters 24 months to pay missed rent.
The meeting itself was interminable and the public is excluded from City Hall and had to sit out on the front patio under a tent. But fortunately a number of extremely hard-working reporters were on the case, and it’s due to the incomparable Sahra Sulaiman‘s live-tweeting of this episode that I’m able to tell the story I’m telling here.
Sulaiman reported that Paul Krekorian, our second fashiest councilmember, was all about 24 months to repay being far, far too long:
Can’t tell who (Krekorian?) suggests that we are shifting loss bc if we give tenants too much time to pay back, the grace pd may extend beyond their lease and therefore end up being uncollectable. And that we need to consider more options, like applying security deposit to rent.
Krekorian went on to say that:
He acknowledges some folks will never be able to pay it back and that some landlords can absorb that, but others cannot, and that may have other negative consequences.
Got it? Paul Krekorian acknowledges that some landlords can absorb the loss from tenants not paying back rent while other landlords cannot absorb the loss. This is his reason for wanting to cut the repayment period down from 24 months to 6 months.
Hey, did you know that California state law requires public officials like Paul Krekorian to file annual disclosures of their financial interests? Well, it does. They’re called “Form 700s” and here’s Paul Krekorian’s from 2018. And as expected, rental income is income and thus counts as a financial interest to be listed on the form.
Continue reading Yesterday The Los Angeles City Council Eviscerated A Reasonably Good Eviction Moratorium Motion — On The Insistence Of Paul Krekorian And Herb Wesson — Who Kept Talking Up The Needs Of The So-Called Mom And Pop Landlords — Who In Everyone’s Fantasies About Capitalism On A Human Scale Are Not Insatiable Villainous Psychopaths Like Non Mom And Pop Landlords Are — And Somehow Neither Krekorian Nor Wesson Thought It Was Worth Mentioning That They Themselves Are Mom And Pop Landlords — As Is Paul Koretz — And Nury Martinez — And Curren Price — And Jose Huizar — And Mike Bonin’s Husband — Although Bonin Voted Against Krekorian’s Eviscerating Motion — So At Least There’s That