For tenants on the edge, paying the rent often takes more than half their income

Los Angeles Times quoted Richard Green of the USC Lusk Center on why declining incomes do not result in lower rents. In theory, rent growth shouldn’t consistently soar past gains in income. But Richard Green, director of the USC Lusk Center for Real Estate, said his research shows that while rising incomes push rents up, when…

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…

Owning a home could cost more under GOP tax plan, especially if you live in L.A.

Los Angeles Times quoted Richard Green of the USC Lusk Center on how the GOP tax plan would impact home prices in Los Angeles. Richard Green, director of the USC Lusk Center for Real Estate, said limiting the deduction would probably make home prices in the $515,000 to $1.25 million range a “couple of percentage…

Expert Says Retail’s Problems Are More Than Just E-Commerce

The Huffington Post quoted Richard Green, director of the USC Lusk Center, about how income inequality and other factors are affecting retail. Green, who spoke during USC’s Executive Forum Bay Area in San Francisco, said research has proven that if you give rich people a dollar, they will save it. If you give poor people a…

Green named ULI trustee, focused on diversifying real estate

Richard Green, director of the USC Lusk Center for Real Estate, was elected as a global trustee of the Urban Land Institute (ULI), a nonprofit education and research institute that aims to provide leadership in responsible use of land and the creation of sustainable, thriving communities. Green, who holds the Lusk Chair in Real Estate…