Report: 58% of LA tenants are spending too much on rent
Curbed LA cited research by Richard Green of the USC Lusk Center that suggests California rents will continue to rise over the next two years.
Across the country, wages have lagged behind growth in rental prices, and the same is true in LA. Between 2005 and 2016, rents shot up 17.5 percent, while wages grew by a far less dramatic 8 percent.
A recent study from the University of Southern California Lusk Center for Real Estate and Beacon Economics predicts that LA rents will rise by an average of $136 per month over the next two years. Whether incomes will keep up remains to be seen.