USC report: Average LA rents will go up $91 by 2020

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.

Report: Southern California’s Affordable Housing Crisis Not Just Limited To Low-Income Households

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.

California needs public infrastructure, but not a bullet train

The Sacramento Bee published commentary by Dana Goldman and Richard Green of the USC Price School on California’s need for public infrastructure in lieu of a high-speed rail. Current financing comes from $9 billion in state bonds and $3.5 billion in federal grants. But under Brown’s leadership, California has failed to address its other unfunded infrastructure needs, they wrote.

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…