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More on Tran's situation

More details here.

Tran's getting busted, but it looks like a deal gone sour with a developer who isn't entirely on the up-and-up either. The developer got caught by the real-estate meltdown, and also hit by a change in the political winds.

While mixed-use is getting popular around LA, it's also being attacked nationally by the libertarian faction of the right-wing thinktanks. I suspect they are interested in property rights, and get some support from other Reps because mixed-use residents are going to be split between condos and apartments. Thus they're more likely to be Dems, while suburban SFRs are more split or tilt Rep.


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