Many of the movers and shakers of the movie industry are leaving Hollywood. From Tyler Durden at zerohedge.com:
White flight is real. The elites and middle classes are leaving. People are taking losses on the sales of their homes to get out,” veteran publicist Ed Lozzi told the Daily Mail while referring to the socio-economic implosion of Los Angeles.
Lozzi said the Los Angeles Metropolitan Area was already “changing before coronavirus brought us to our knees. The homeless problem has been escalating for years, exacerbated by weak politicians making bad decisions.”
“Hollywood has always been the wokest of the woke, so politicians have done nothing to stop people sleeping on the streets. It’s not illegal and the weather’s nice, so they keep coming,” he said, adding that, “there is insufficient housing, inadequate mental health care. Add in Covid and it’s a perfect storm.”
Lozzi remembers the days when Los Angeles “smelled of orange blossoms.” He said today’s scent is urine and feces with once beautiful parks now filled with homeless encampments and carpeted with drug needles.
The metro’s socio-economic implosion is forcing many homeowners in the downtown district to pack their bags and liquidate their homes at whatever the price to flee for suburbia. A combination of the virus pandemic and collapsing society has made the area unlivable for families.
Danny O’Brien, the owner of Watford Moving & Storage, said a mass exodus of folks from Hollywood is underway:
“And a lot of it is to do with politics.”
“August has already set records and we are only halfway through the month.”
“People are getting out in droves. Last week I moved a prominent person in the music industry from a $6.5 million mansion above Sunset Boulevard to Nashville.”
“Liberal politics has destroyed this city,” he said. “The homeless encampments are legal and there’s nothing the police can do. White, affluent middle-class folk are getting out. People don’t feel safe any more.”