'Vanlords' in Los Angeles are Renting RV's to Homeless People

[Scott E.]

There is a trend in Los Angeles where 'vanlords' are buying used RV's, parking them on the side of the road around the city, and then renting these RV's out to homeless people.

The used RV's cost the vanlord between $2,000 - $5,000 and rent rates range between $600 - $800 per month (not a bad ROI!)

As of the last report there were over 4,000 rented RV's scattered around the streets of Los Angeles, with city officials seeming to do little to put a stop to this.

A vanlord named Greg William who owns 15 of these 'rental properties' was interviewed and he thinks he's doing good for the community by providing homeless people a safer place to live (compared to living in a tent on the side of the street).

I can appreciate the creativity of these entrepreneurs but this is clearly not the solution to combat the homelessness problem.

Weird world out there in LA. What do you guys think about this trend?

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