Report: Southern California’s Affordable Housing Crisis Not Just Limited To Low-Income Households

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.

“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,” USC Lusk Center Director Richard Green, who co-authored the study, said in a news release. “One of the striking results we found is that where vacancy has increased slightly, there is a relief in rental increases. The way to raise vacancy rates is to build more.”

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