Any corporation can, anywhere in the world. This wasn't China. It was some Chinese businessmen. Most countries don't allow non-citizens to buy land. The US is a huge capitalist experiment.
you're shocked that business entities and foreign citizens can exchange their currency for USD and purchase things with it? money moves the world, not nationalities
The country was founded by people who were aware they were the children of immigrants, so xenophobic rules other countries have were deliberately left out. This gives current and future generations the chance all current white people's immigrant ancestors had, long before Great Britain's colonies declared themselves independent United States.
@@Avogadros_number missed the point, it can and has been done with enough money. obviously the scale would have differences in the process of the exchange
The real question that should be asked is why is China buying these massive structures in America? Are they running out of room in China? Well done Graffiti Artists keep them tags coming that's a great spot to highlight!
@@ryanbarker5217 Either some other company has to step up and buy it so it can be completed or just demolish it. Sad to see the unfinished building succumbing this though. I was excited bout the whole project when I heard about it. Sounded really cool
@@tubby_1278 demolish it on who's dime, though? that's going to cost a lot of money. that's why i say figure out a way to confiscate and just give it to a developer who's going to tear it down. that's probably not realistic -- or legal for all i know -- but it's an idea, which i don't think any of their 'leaders' have other than ignoring it.
It's the Bones of an unfinished and most expensive part of a building. All the hard work has been bought so I'm sure someone is going to buy and complete the structure for a discounted cost. It would cost more to demo it and build something new on that same land then to just use what's there and finish it. Hopefully it's an American company this time.
This is probably the biggest graffiti/tag display in recent years going all the way back to the 80s/90s. For a graffiti artist 👨🎨 this is probably one of their biggest accomplishments, to be on national news.
I saw this problem developing years ago when the developer didn't pay their contractor(s). They put a lien on the building due to non-payment. It was all in the news. This was when they were in active construction. If you don't have money at that time of construction, that doesn't bode well for the project's completion. And here we are. Another ghost building in the city.
Someone should do a lot of media on America’s “ghost” towers, like they did on China’s problem, after all, our fraudulent financing already took the world down once this century. Bet that our financing is well on it’s way to round two, just watch our real estate bubble burst. Can’t hide the non-payments empty buildings, still fresh in everyone’s minds. Maybe finance needed that real regulation it used to have decades ago.🧐
@@Avogadros_number it’s not just them. There are so many abandoned construction projects from companies that don’t have ties to China around LA. In this area alone the surrounding buildings are filled with failed projects from defunct partnerships between real estate developers/companies and their investors where the land owners aren’t from China (4 of them if I recall correctly from the last time I was forced to go to LA for my promotion training). That is just this block and the few abandoned construction projects that are within walking distance too. It’s not the first time this has been news and Downtown LA is on a downwards spiral.
@@Avogadros_number What are you talking about? China's got something like 65 million finished, vacant housing units and the grounds are absolutely pristine. No graffiti, not a scrap of trash, and no homeless in sight.
California should require a cash bond before construction. If developers default on project then bond pays for demolition. If project is complete then bond is paid back in full (minus 1% royalty paid to me).
How do you know he got his share? The only way you can know he did is if the Chinese developers finished the project to completion and the construction turned out to be the same in quality as the tofu-dreg construction now famous for what gets built in China.
I dontl think DeLeon was councilman at the time construction began (surprised he is still in office and nobody is talking about the "little monkey" incident any more). There was talk that the developer greased the wheels to get permission to demolish the low-income buildings to make room for this project.
@@shelbynamels973 doesn’t matter. he likely took campaign contributions and/or other kickbacks from this same developer during his time in the senate. there’s almost no way that his hands are clean
@@sarahbaartmansrevenge The developer wanted the site over the objections of local housing activists. The go-to guy was the local city councilman. That wasn't Kevin DeLeon at the time. A senator would not have been of help.
Yall let it get to that point, how could you let one of the most important cities in your country just go down like that where people are defacing property and no one cares. That is a major fail
@@abraxasjinx5207I know not about homeless people or trying to help others but they have to complain about something so those buildings were never finished? Why let the state buy them or the federal government and make them into affordable housing that is after they are finished there has to be a way to do something helpful instead of complaining.
@amoliski And how about your home, your parents home, your start up business, your family business?? Can we agree that would be a problem at least? Esp done WITHOUT your consent.
Straight up...this is so well done...if I didn't watch the story I could easily believe multiple guys/gals getting up there on the same night!!! Just amazing!! Killer spot too with a nice view and full balcony to have plenty of room.
Are yall joking or something? most of LA already has been having graffiti plastered everywhere this ain’t anything new it’s just making headlines because it’s on a massive skyscraper
How about we remove all corprate advertisement around the city before you remove the graffiti art ... I rather look at that then a brain dead add and subliminal message.. " They live was a documentary " ..
What you said is a brilliant idea especially with the location, with the advertising the businessrs make money and pay to have the ads there it's a win type thing
@@EbonySaints They all look kind of similar though? Just a jumble of different words, no murals or artistic style, just the same sht replicated since the 90s, its wack
LA was once a great city. I wanted to take my grandchildren and show them this amazing place. I would never bring them to a place of such hopelessness. Nor would I take them to San Francisco.😢😢😢
Why is the building being cited now??? What a joke. They only started caring when the graffiti artists made it visually clear the building was abandoned.
@user-ds1pp6sz8n My comment was clearly sarcastic and my criticism is that graffiti is everywhere and is not newsworthy. I couldn't care less which stadium is nearby.
i'd write this thing off. eminent domain my ass, if the owners can't or won't secure and maintain an useless property, condemn it, take it, and give it away to a developer who will incur the cost of demolition and provide a plan for new construction -- along with secured financing -- in exchange for being given the property and expedited building permissions.
If the construction stopped in 2019 of a property not even completed, more than an eye soar it seems like an actual danger to the area. If that many taggers are getting in I'm surprised squatters haven't started moving in.
In the 90s it was everywhere. I mean like in places it seemed impossible to get to. Graffitti artists are craftsmen that get disrespected by the media.
Graffiti and tagging are very different. Some of that graffiti is really quite good. Graffiti is all over in many big European cities, and they have far lower rates of crime than we do. So to say crime and graffiti go hand in hand is just wrong.
Let's make a "functional example" of the defunct Chinese corporation responsible for the REAL eyesore and taxpayer burden, the building itself. Although, with the company being DE-funct, that may run counter to your word salad "functional example" 😅 I guess the word "example" needed an adverb???
Bro now that ever graffiti artist will see this on YT they are going to fall down on that city like a freaky all colored blizzard gathering from all ends of the earff
Foreclose using imminent domain due to negligence, code violations and abandonment of the project due to bankruptcy. The company is foreign and declared bankruptcy. Screw them! They made the mess. Sell it to a developer that can finish it. What company wouldn't want to take over a project for pennies on the dollar. Looks like it is under roof and a matter of repairing some damaged infrastructure and then equipping the units.
so what? maybe someone should have taken the project, finished it for local housing. … and as annoying as graffiti is, chances are it’s not the “crime” you aught to be so fixated on.
Sad But I heard some other property owners hired them to do so those buildings are demolished and bought by other developers cheaper at auctions. Many this type of investor which you will hear in Korean town ? I heard from one of the Korean developer .
The true graffiti artists are the ones who see through the BS, hence the guy writing Skeam on their building. It certainly seems to me that they understand the situation quite well and it is ypu who has no idea what the corporate world does to create these situations. Was there crime, or graffiti first?
@@herewegoagain7403maybe "mental health crisis", but "criminal behavior" belongs to the right. I would be willing to bet that by the stance on crime you are both reps ya clown
The real crime is the abandoned building without security that will never be finished sitting in a city with a major housing problem. If graffiti artists tagging abandoned buildings is the crime you are worried about in LA you may need to get your head examined.
@@QuentinoGiangrande ALL crime needs to be punished, this lax approach is what got that horrible state in this condition to start with. The people there are too stupid to not be punished
Graffiti is ART, they should be paid for turning that building into a masterpiece. All those different artist styles plus the dangers of climbing some spots. It’s crazy people call this art form a crime.
Absolutely. The establishment that disparages graffiti artists are souless puppets. Graffitti livens up otherwise gray and dismal cities. Giving them a vibrant flair and hope for the hopeless that there's beauty in life. In spite of how wretched man can make conditions.
@@FutureCivilWarHero Maybe the person ought to change their perspective of the situation instead of complain about it. Maybe find another property in another location or donate the building towards urban recreation. It's not really what happens but how we choose to respond that matters.
I can never read most grafitti but this is cool😂. Worry about the million other things california got going on. Dont worry about taggers writing on an abandoned building
If it’s a Chinese based company then of course it’s abandoned. It’s funny how they mix graffiti in the story when taggers aren’t the root of the problem. Tabloids for ya
One man's vandalism is another man's art. I actually think they much better with the colored graffiti on them. You got free outer decor on all levels! What yall complaining for?? Some people don't even have roof over heads during rain. Stop being so uptight by identifying the financial values in each and every thing.
If the city fines them and assesses collections for clean up and other actions the city requires, and the owner doesn't pay, the city gets to take the property to satisfy the unpaid fines and costs. That's what happens if you don't pay property tax too.
The graffiti improves the appearance of the eyesores. Btw, I'm sick of woke snowflakes babbling about "mental health crises." Their attitude is the cause of the "crises."
HOW are there property managers on properties that were abandoned? Really wish this was Just stop oil... they do nothing worth talking about other than pissing people off, this is helarious
The City can get the money from the Federal Government then turn them into tiny units to solve the homeless issues. Don't create luxury but a restart tiny studio to help people get back into society.
