The Los Angeles Times reports that by 2030, residents will have to travel by foot four times more frequently than they did in 2012, alongside a nine-fold increase in bicycling over the same time, and a substantial boost in bus and rail ridership, climate officials say. Getting people out of their cars in favor of walking,…
“Population and employment growth are driving up demand faster than new inventory can hit the market,” said Raphael Bostic, interim director of the USC Lusk Center for Real Estate, which collaborated on this week’s [USC Casden Multifamily] forecast with Beacon Economics, a Los Angeles consulting firm.
February 7, 2013
Bedrosian Director Raphael Bostic and Tony Salazar talk about LA’s housing problem in a op-ed in the LA Times.