California mandates solar panels on all new homes by 2020

CBC Radio (Canada) quoted Richard Green of the USC Lusk Center on why mandating solar panels for new housing in California may drive up housing costs. “I think mandates tend to be bad policy,” Green says. “If you make it more expensive to buy a new house, then rich people stay in old houses and…

Average apartment rent dips slightly, but still trending up from 2016

The Santa Clarita Valley Signal noted Richard Green of the USC Lusk Center was appointed to a Santa Clarita task force to examine rent control. Starcyzk said the five supervisors have each named two appointees for a task force to study rent control. A spokesperson for Supervisor Kathryn Barger said her appointees to the Tenant…

Will 2018 Be a Year of Rent-Control Revolt in L.A.?

LA Weekly cited research by Richard Green of the USC Lusk Center on rising rents expected in Los Angeles County over the next two years. The Los Angeles Metro area has the second-highest rate of “cost-burdened” renters in the country, according to a recent report from Harvard’s Joint Center for Housing Studies. Being cost-burdened means…

Welcome to the crisis: Your frequently asked California housing questions answered

Los Angeles Daily News (in a CALmatters story) quoted Richard Green of the USC Lusk Center about the California housing crisis and what a healthy vacancy rate would be for rental units. Vacancy rates are kind of like unemployment rates or even inflation, says Richard Green, director of the University of Southern California’s Lusk Center…

Did you get a raise? Pay hikes are helping some cope with Southern California’s rising rents

The Orange County Register featured research by Richard Green of the USC Lusk Center that predicts rents across Los Angeles will rise by $136 per month by 2019. Demand for housing continues to increase with job and population growth, but Los Angeles housing development has failed to keep pace with this trend. “Lots are scarce…

LA, OC Rent Increases To Continue Into 2019

CBS News Los Angeles affiliate KCBS-TV featured research by Richard Green of the USC Lusk Center that predicts rents across Los Angeles will rise by $136 per month by 2019. Demand for housing continues to increase with job and population growth, but Los Angeles housing development has failed to keep pace with this trend. The…

Southern California apartment rents will keep climbing

Los Angeles Times featured research by Richard Green of the USC Lusk Center and the annual USC Casden Real Estate Economic Forecast that predicts rents across Los Angeles will rise by $136 per month by 2019. Demand for housing continues to increase with job and population growth, but Los Angeles housing development has failed to…

The infrastructure needed to support a thriving California economy

Earlier this month, Gov. Jerry Brown and California legislators announced agreement on a bold plan to invest in the state’s crumbling roads and highways, putting aside years of disagreement to get people and goods moving through regions like Los Angeles again. Now, our leaders must act with the same resolve to increase the production of…

Major L.A. Employers Raise Concerns That High Cost of Living Is a Barrier to Attracting and Retaining Top Talent

Housing costs are deterring top-talent from entering the Los Angeles job market, and leading to higher costs in recruiting and retaining employees, according to a new survey released today by Raphael Bostic, a USC Price School of Public Policy Professor and the newly appointed head of the Atlanta Federal Reserve. Bostic led a team of USC researchers in surveying major L.A. employers accounting for nearly 200,000 jobs in key sectors including utilities, healthcare, education, government, engineering and finance ..