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.
Dr. Shawn Flanigan, San Diego State University, shares the next installment of our blog on the Access to Opportunity Project. San Diego is consistently ranked among the least affordable housing markets in the United States, topping that list in 2015! Coming in at number two on the list in 2016. Rather than looking exclusively at housing costs, assessments of housing affordability consider housing costs in relation to how many residents of a community could afford to purchase a home at the median price. In 2015, real estate industry research showed that less than half of households could qualify to buy a median priced home in 93.3 percent of San Diego zip codes. This was the highest ratio of any city in the study.
Read Raphael Bostic’s last post in our partnership with Home Matters.
We have a long history of mobility. It’s one of the advances that set the New World apartfrom the Old. Our founders wanted us to move. They didn’t want us confined to the class we were born into or the name we were given or the land our parents could bestow on us. They wanted us to set out across this vast continent, and they didn’t want us to settle until we found a home we could call our own.