LA’s $30 wage for hotel workers will backfire on those politicians think they’re helping

A good friend of mine just bought a home near Springfield, Massachusetts for about $500,000. It’s a beautiful 4-bed 4-bath colonial in a peaceful neighborhood next to a lovely park. In Los Angeles, $500,000 gets you a dilapidated hut in the hood with a permanent police siren soundtrack. 

It’s so expensive to rent or buy in Los Angeles, and California more generally, in great part because of a massive housing shortage caused by red-tape, land use restrictions, and community resistance, among other factors.