How much does it cost to rent in LA?

Curbed LA cited comments by Richard Green of the USC Lusk Center on factors that may have contributed to declining rental costs in Los Angeles. In May, Richard Green, director of the Lusk Center for Real Estate at USC, told Curbed that rent growth in LA may have slowed in response to new housing construction and the…

Efforts to build housing around transit threaten to price out those most dependent on bus and rail

The San Diego Union-Tribune cited research by Richard Green of the USC Lusk Center on the number of housing units needed to lower the cost of housing in California. However, to actually lower the cost of housing, the state would need to add roughly 2.5 million new units by 2025, or roughly 357,000 a year,…

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. “I think mandates tend to be bad policy,” Green says. “If you make it more expensive to buy a new house, then rich people stay in old houses and…

How College Grads Drive Up Urban Rents

The Atlantic’s “CityLab” highlighted a working paper by Richard Green, of the USC Lusk Center, and colleagues on how the rise of more educated people with higher incomes in metropolitan areas has increased housing costs. Increased housing costs predominantly affect the less educated. Although Green found that a higher number of college graduates in an area raises incomes for everyone, a 1 percent increase in college grads leads to a roughly 2.5 percent increase in the cost of rent.