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.
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.
By Dr. Shawn Flanigan
As part of my interdisciplinary freshman Honors course at San Diego State University titled “Housing, Home, and Homeland,” I had my twenty-six students spend several weeks reading and discussing Matthew Desmond’s renowned book Evicted, and then gave them an assignment to code an interview from Access to Opportunity research in San Diego. As a culminating experience, we visited the Monarch School, an innovative K-12 school for homeless youth in downtown San Diego ….
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.
While rental housing is often associated with large, high-rise apartments, 54 percent of U.S. rentals are in small and medium multifamily housing (SMMF), properties with between two and 49 units. SMMF is a much more important source of homes than has generally been recognized, especially for low-income households, according to new research from Enterprise Community Partners Inc. (Enterprise) and the The USC Bedrosian Center on Governance, housed at the USC Price School of Public Policy.