How Greedy LA Politicos and Land Bankers Control the Game
CORRUPTION WATCH-Land Banking is a term that is new to Angelenos. The concept is simple: Wealthy people buy land rather than buy stocks or putting their money into a savings bank. They “bank” on the idea that the land value will rise faster than the stock market or interest on savings accounts. Land Banking was recently explained in a Canadian estate publication, Better Dwellings.
