Los Angeles Renters Subsidize the Campaigns of Corporate Landlords

The tenant subsidy is paid for extravagant lifestyle lifestyles of many for many of California's largest corporate landlords. Billionaire Sam Zell, for example, owns Posh homes in Chicago, Sun Valley, New York and Malibu collects motorcycles and flies around the world in a private jet. Another billionaire corporate landlord, Stephen Schwartzman owns mansions in Saint Tropez, Jamaica, East Hampton and Palm Beach. At the same time, a sky high rents force more people onto the streets. Nearly 1500 homeless people have died in Los Angeles in the Los Angeles area between 2020 and 2021.