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What’s the root cause of Los Angeles’ affordable housing crisis? Many blame the new luxury housing developments springing up... driving up interest in the neighborhood and attracting hipsters. Landlords take notice and soon rents start climbing. That’s the story anyway.
But here’s the thing: If booming development in hot markets like Hollywood and downtown is why rents keep going up... why have the same price increases hit locales with extremely limited development?
— LA Times
"Because our problems aren’t driven by a local phenomenon but by a regional one: low residential vacancy rates. Nothing is more important, and data from the American Community Survey confirm this. Zooming out to look at the 20 largest U.S. cities rather than local ZIP codes, the... View full entry
