In Los Angeles, the issue of homelessness has reached a tipping point, with landlords asking individuals between $600 and $800 to lease their recreational vehicles.
The state of homelessness has reached a tipping point in Los Angeles, California, where landlords have found themselves charging residents somewhere in the $600 to $800 mark to lease their Recreational Vehicles (RVs).
One owner of RVs spoke with a local news outlet about how he bought and rented out RVs to the unhoused for almost a decade, and how this has left with the inconsistent rental market.
In his own words, he said:
I work with them, and I almost always do sliding scale, so basically, whatever you can afford is what I work with you on".
Most of the residents are reportedly found on Craigslist, Airbnb or through word of mouth and each RV can cost between $2,000 to $5,000 upfront.
it is said that some RVs require roughly $200 to $400 a month of maintenance, which then would be bringing estimated profits of $2,000 and can even go as high as $8,000 a month.
According to official data, as reported by the media, an estimated number of 160,000 Californians are homeless.
This number is set to have grown by more than 39% in the last five years and disproportionately affects low-income Black and Latino people.
It should come as no surprise that California's main cities have a homeless issue. After New York City, Los Angeles probably has the biggest number of homeless persons in the United States.
According to reports, the scheme would be sponsored by private donations and pay landlords a year's rent in advance to encourage them to waive the standard credit, job, and background checks for renters.
Back in 2021, the state of California put forward a proposal of $12 billion to mitigate homelessness, and Governor Gavin Newsom was said to be planning on signing this into new legislation budgetary.
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