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In Los Angeles’ high-end rental market, it’s long been common to find homes advertised for $10,000 a month or more. ... a 3,350-square-foot English Tudor-style house is on the market for the ...
The city's rent control law needs to do more to prevent price shocks for tenants during periods of high inflation while ensuring landlords can recoup costs. Editorial: Los Angeles can find a ...
Los Angeles County already had a shortage of 500,000 units, and more than half of tenants spend more than a third of their income in rent. There have been reports of price gouging, in violation of ...
The shortage is statewide; from 2010 to 2017, the state added one new housing unit for every five new residents, and is pronounced in employment centers such as the Bay Area and Los Angeles. [ 14 ] : 1 [ 15 ] In 2023, housing affordability in California reached a 16-year low, with only about 16% of homebuyers able to purchase a median-priced ...
The shelter category of the Consumer Price Index is made up of four components: rent, the rent equivalent for homeowners, lodging away from home, and homeowner's insurance. While reports show that ...
There’s a problem with inflation. It just refuses to go that “last mile” down to 2%, the magic percentage targeted by the Federal Reserve.Economists have widely agreed on one culprit: high ...
Renting isn't any better: In 2022, the typical American renter became rent burdened—meaning 30% of the median income is now needed to pay the average rent—for the first time.
Most renters in L.A. are protected from rent increases at least until May 2023. Here's how to figure out if you qualify.