Have You Heard The One About The City of Los Angeles and The Homeless?

City of Los Angeles bought a Ramada Inn for $10.2 million to house homeless

Since then, they started sending money to a NGO to takeover the project. Its now sat vacant for 4 years and $20 MILLION has been spent, meant to house only 32 people

No work being done. Money laundering… pic.twitter.com/kdviHNulsG

— Wall Street Apes (@WallStreetApes) March 16, 2026