Risky Home Loans Are Making a Comeback. Are They Right for You?
The New York Times quoted Richard Green of the USC Price School in a story on risky home loans. And not paying principal during the initial interest-only period just makes the amortization period of the loan shorter, said Richard K. Green, a professor of real estate at the University of Read more…
Moving To California For Work Is Hard — Because Housing
LAistquoted Raphael Bosticof the USC Price School about the high-cost of housing, and that it might push certain workers out of state and affect the California economy. USC public policy professor Raphael Bostic said if housing costs continue to push certain workers out of state, California’s economic growth could be affected. Read more…
LA rental prices are on an upward crawl
Curbed LAcited comments by Richard Greenof the USC Lusk Center on how the increasing supply of apartments has impacted Los Angeles’ housing crisis. Why are prices starting to plateau? Last month, Richard Green, director of the Lusk Center for Real Estate at USC, speculated that new housing construction has increased Read more…
California mandates solar panels on all new homes by 2020
CBC Radio (Canada) quoted Richard Green of the USC Lusk Center on why mandating solar panels for new housing in California may drive up housing costs.
City Passes “Linkage Fee” on New Development
Los Angeles Downtown News cited research by Richard Green of the USC Lusk Center about the housing crisis in the Los Angeles area. Critics of the fee contend that it will simply raise the cost of construction and discourage new building amid a housing crisis, with just 2.9% vacancy in the L.A. metro Read more…
Will 2018 Be a Year of Rent-Control Revolt in L.A.?
LA Weekly cited research by Richard Green of the USC Lusk Center on rising rents expected in Los Angeles County over the next two years. The Los Angeles Metro area has the second-highest rate of “cost-burdened” renters in the country, according to a recent report from Harvard’s Joint Center for Housing Studies. Being Read more…
Welcome to the crisis: Your frequently asked California housing questions answered
Los Angeles Daily News (in a CALmatters story) quoted Richard Green of the USC Lusk Center about the California housing crisis and what a healthy vacancy rate would be for rental units. Vacancy rates are kind of like unemployment rates or even inflation, says Richard Green, director of the University of Southern California’s Lusk Center Read more…
Did you get a raise? Pay hikes are helping some cope with Southern California’s rising rents
The Orange County Register featured research by Richard Green of the USC Lusk Center that predicts rents across Los Angeles will rise by $136 per month by 2019. Demand for housing continues to increase with job and population growth, but Los Angeles housing development has failed to keep pace with this trend. “Lots Read more…
Southern California apartment rents will keep climbing
Los Angeles Times featured research by Richard Green of the USC Lusk Center and the annual USC Casden Real Estate Economic Forecast that predicts rents across Los Angeles will rise by $136 per month by 2019. Demand for housing continues to increase with job and population growth, but Los Angeles housing development has Read more…
LA, OC Rent Increases To Continue Into 2019
CBS News Los Angeles affiliate KCBS-TV featured research by Richard Green of the USC Lusk Center that predicts rents across Los Angeles will rise by $136 per month by 2019. Demand for housing continues to increase with job and population growth, but Los Angeles housing development has failed to keep pace with this Read more…