[GUEST ACCESS MODE: Data is scrambled or limited to provide examples. Make requests using your API key to unlock full data. Check https://lunarcrush.ai/auth for authentication information.]  Wall Street Apes [@WallStreetApes](/creator/twitter/WallStreetApes) on x 1M followers Created: 2025-07-17 04:13:12 UTC There is a way to stop Gavin Newsom’s land grab of the Pacific Palisades People need to be aware of this “A lot of people are talking about Senate Bill XXX and they're calling it Gavin Newsom's Land Grab. I just finished reading the bill and I'm going to tell you what it's about and how you can stop it. So first of all, what it is is a special statute which allows it to circumvent Article 16, Section X of the California Constitution. What it's designed to do is, is give Los Angeles county the authority to create a new agency, rra, the Resilient Rebuilding Authority. And this allows the county to use property taxes in order to buy up properties within the fire zones. The same applies with the city of LA. They also have the authority. They're doing it under the auspices of helping out fire victims, saying, if you can't afford to rebuild your home, we'll buy it, we'll hold it in this land bank and, and you'll have the first right of refusal when it comes to us selling the property. Yet at the same time, the county also reserves the right to develop it and turn it into low income housing. The real motivation for the bill is summarized in this paragraph. XX% of the housing funds are to be used to help homeless persons get off the street. This is clearly just a way for the government to throw more money at the homeless crisis. But like I said, there is a way to stop it. The Public Finance Authority, who's in charge of all of this, has to hold three hearings before they can adopt this new ordinance. If less than XX% of the homeowners and residents protest the ordinance, then they can go ahead and adopt it. If between XX and XX% of the residents protest the ordinance, then it goes to an election and the majority gets the vote. And if more than XX% of people protest the motion, then it's dead in the water and the ordinance will not be adopted. So if you're a resident in Pacific Palisades or Altadena and you don't want your new neighbor, or neighbors, plural, in a huge multi family unit being a bunch of homeless people, make sure you get right on this. Show up at the hearings and file a protest”  XXXXXX engagements  **Related Topics** [wall street](/topic/wall-street) [Post Link](https://x.com/WallStreetApes/status/1945698274079301977)
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Wall Street Apes @WallStreetApes on x 1M followers
Created: 2025-07-17 04:13:12 UTC
There is a way to stop Gavin Newsom’s land grab of the Pacific Palisades
People need to be aware of this
“A lot of people are talking about Senate Bill XXX and they're calling it Gavin Newsom's Land Grab. I just finished reading the bill and I'm going to tell you what it's about and how you can stop it.
So first of all, what it is is a special statute which allows it to circumvent Article 16, Section X of the California Constitution. What it's designed to do is, is give Los Angeles county the authority to create a new agency, rra, the Resilient Rebuilding Authority. And this allows the county to use property taxes in order to buy up properties within the fire zones. The same applies with the city of LA. They also have the authority. They're doing it under the auspices of helping out fire victims, saying, if you can't afford to rebuild your home, we'll buy it, we'll hold it in this land bank and, and you'll have the first right of refusal when it comes to us selling the property.
Yet at the same time, the county also reserves the right to develop it and turn it into low income housing. The real motivation for the bill is summarized in this paragraph. XX% of the housing funds are to be used to help homeless persons get off the street. This is clearly just a way for the government to throw more money at the homeless crisis.
But like I said, there is a way to stop it.
The Public Finance Authority, who's in charge of all of this, has to hold three hearings before they can adopt this new ordinance. If less than XX% of the homeowners and residents protest the ordinance, then they can go ahead and adopt it.
If between XX and XX% of the residents protest the ordinance, then it goes to an election and the majority gets the vote. And if more than XX% of people protest the motion, then it's dead in the water and the ordinance will not be adopted.
So if you're a resident in Pacific Palisades or Altadena and you don't want your new neighbor, or neighbors, plural, in a huge multi family unit being a bunch of homeless people, make sure you get right on this. Show up at the hearings and file a protest”
XXXXXX engagements
Related Topics wall street