Now this is crazy
— Wall Street Apes (@WallStreetApes) December 30, 2025
Developer reveals Beverly California housing complex where homes start at $5 million and go up to $25 million are required to have low income
Now they aren’t selling because people paying $20 million for a home don’t want to live next to low income
“There's a… pic.twitter.com/butEVMcVKO
Now this is crazy
Developer reveals Beverly California housing complex where homes start at $5 million and go up to $25 million are required to have low income
Now they aren’t selling because people paying $20 million for a home don’t want to live next to low income
“There's a building that one of my clients lives in on Beverly, and the city required them to put middle income, low income housing in the building, even though the building is a building for billionaires.
So it starts at $5 million, it goes up to $25 million. So the building has had a very difficult time selling units because a lot of people don't wanna have low income in their building that they're spending $20 million on, 'cause they're paying an HOA of like, $15,000 a month.
— So there may be 30 units for sale and maybe 10 units that are low income.
But of those 30 units for sale, maybe only five or six people live there full time. So it's actually a building more predominantly lived in by low income than by billionaires. And the low income pays zero HOA fees”
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This is stupid.