Richard Green quoted by LAist on how seniors are the fastest growing unhoused population. The pandemic exacerbated Southern California’s affordability crisis for renters because people are moving less.
KNX 1070 AM and Spectrum News 1 featured research by Richard Green of the USC Lusk Center on how much L.A. County renters currently owe in back rent. “It was disproportionately renters who were thrown out of work. And while a lot of federal programs helped, getting a check to people, it wasn’t Read more…
Marketplace quoted Richard Green of the USC Lusk Center on why people making minimum wage cannot afford a two-bedroom apartment anywhere in the country. According to Green, two things are playing out in different ways across the country: Housing shortages drive prices higher, and minimum wages don’t always keep pace. Richard Read more…
Los Angeles Times quoted Richard Green of the USC Lusk Center on rising home prices in Southern California. “[F]alling mortgage rates during the pandemic enabled buyers to bid up the prices of homes while keeping monthly payments roughly the same.” Full article here
KNX 1070 AM interviewed Richard Green of the USC Lusk Center on the increased effectiveness of a four-year-old Los Angeles affordable housing program. “You will be allowed to develop with more density without needing to get any particular permissions to do so, in exchange for setting aside a certain share Read more…
KNX 1070 AM interviewed Richard Green of the USC Lusk Center on the need to build affordable housing in Los Angeles in tandem with newly extended public transit infrastructure. “We should be building along that transit infrastructure”
by Olivia Olson
Falling is the number one cause of injury and seventh leading cause of death in adults ages 65 and older. Over a quarter of that population falls annually, with approximately a third of those falls resulting in medical treatment or lifestyle changes. Unfortunately, however, today’s elderly are the most indebted in history and frequently lack the resources to invest in the non-urgent measures?“devices to call for help, grab bars, ramps, shower seats, and other modifications for wheelchair accessibility”?that would allow them to safely age in place and minimize the severity of falls.
Richard Green and Anthony W. Orlando contributed to an op-ed on why it would be unwise to privatize Fannie Mae and Freddie Mac. Featured on MarketWatch. They wrote: A privatized Fannie and Freddie will not resist the excesses of booms, and they will not withstand the temptation to abandon the mortgage Read more…
KNX 1070 AM featured Richard Green of the USC Lusk Center in a live interview on how to help pay off all the unpaid rent in California. “You get rental assistance in the hand of renters, they pay their landlords and then the landlords then pay their lenders.” Full website Read more…
KNX 1070 AM interviewed Richard Green of the USC Lusk Center on the notable lack of support for rent control in California. “I think people worry about having the ability to do what they like with their property interfered with”
Los Angeles Times featured Richard Green of the USC Lusk Center on California’s history in losing corporate headquarters to other states. “We have been losing corporate headquarters for a long time, particularly here in Southern California. But we have a history of creating really small companies and turning them into Read more…
Los Angeles Times quoted Richard Green of the USC Lusk Center and Gary Painter of the USC Price School on the impact Prop. 21 may have on lower-income residents. “You have these places being vacated and you have rents falling very rapidly.” Full article here
LAist quoted Richard Green of the USC Lusk Center and Gary Painter of the USC Price School along with Jennifer Ito of the USC Program for Environmental and Regional Equity. “Retail is barely hanging on now. I think that [Prop 15] would be a problem.” Full article here
KNX 1070 AM interviewed Richard Green of the USC Lusk Center on options for homeowners with federally backed mortgages who are at risk of foreclosure. “It is a really good program and it is really disturbing that not everyone has taken advantage of it who might.” Listen here
KNX 1070 AM featured research by Richard Green of the USC Lusk Center on L.A. County tenants’ ability to pay rent amid the pandemic. “One of the main concerns among landlords at the beginning of the pandemic was that tenants weren’t going to pay their rent if they knew they Read more…
Los Angeles Times quoted Richard Green of the USC Lusk Center on rising home prices in Southern California despite rising unemployment. How long can the current upswing continue because, with the economy the way it is, we are going to run out of people who still have jobs who can Read more…
Newsweek featured Richard Green of the USC Lusk Center on why extending unemployment benefits and increasing rental assistance could stave off a housing crisis. “[Expanded unemployment benefits] would save the renters, landlords and lenders, and we’re borrowing at zero interest right now. It seems like a no-brainer.” Richard Green Tweet Read more…
If job requirements or financial pressures require a move, so be it, despite the unknowns. But if you don’t have to, I would hang on until we’re through all of this.
Richard Green was quoted in a piece by the LA Times on housing prices in Southern Califoria amidst the pandemic.
Richard Green was quoted in an LA Times piece about the effect on the housing market as Zillow stops buying homes during the pandemic.
KPCC-FM “AirTalk” interviewed Richard Green of the USC Lusk Center for Real Estate on the state of the Southern California housing market and what housing experts expect to happen in the spring.
Los Angeles Times quoted Richard Green of the USC Lusk Center for Real Estate on home buying among high-income individuals.
Los Angeles Times quoted Richard Green of the USC Price School on the forces that drive gentrification. Richard Green, director of the USC Lusk Center for Real Estate, said gentrification was being driven by supply and demand. Higher-income individuals increasingly want to live in urban centers. An underlying shortage of Read more…
