Curbed L.A. featured research by USC’s Lusk Center for Real Estate on rising rents in Los Angeles. The average renter will spend a little over $90 more per month on housing in 2020 than in 2018, according to the report. “The way to raise vacancy rates is to build more,” said Richard Green of the USC Price School.
Business Now featured research by USC’s Lusk Center for Real Estate and a partner on the affordable housing crisis. The study comes as markets across the state are dealing with an affordable and workforce housing crisis. “There is a poor match between people’s housing cost and incomes right now, and no amount of sorting will, by itself, fix this issue,” said Richard Green of the USC Price School.
The Sacramento Bee published commentary by Dana Goldman and Richard Green of the USC Price School on California’s need for public infrastructure in lieu of a high-speed rail. Current financing comes from $9 billion in state bonds and $3.5 billion in federal grants. But under Brown’s leadership, California has failed to address its other unfunded infrastructure needs, they wrote.