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

Business Nowfeatured 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 Greenof 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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