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The Fortuna City Council will meet in a special session today, Monday, March 2 at 5 p.m. at City Hall, 621 11th Street. The posted agenda includes a closed session to discuss potential litigation connected to Royal Crest Mobile Home Park and its owner, Storz Management. This is the latest development in a months-long dispute over space rent increases.
As Lost Coast Outpost has detailed in prior coverage, the conflict is about rising rents at the park. The City is being asked to consider a permanent rent stabilization ordinance but is concerned about legal exposure if stronger laws are enacted inacted. LoCO’s reporting lays out the...
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As Lost Coast Outpost has detailed in prior coverage, the conflict is about rising rents at the park. The City is being asked to consider a permanent rent stabilization ordinance but is concerned about legal exposure if stronger laws are enacted.
America saw inflation of over 20% during the Biden era. Against that background, how on earth would you expect park lot rents not to go up? Do you want the park owner to simply lose money by running the park? The answer in California is, of course, “yes”.
As Margaret Thatcher once said “socialism doesn’t work long term as you eventually run out of other people’s money”. That’s literally all this story is about.