Good ideas and conversation. No ads, no tracking. Login or Take a Tour!
kleinbl00 · 2520 days ago · link · · parent · post: Homelessness up 26% in LA YoY, 10% in Seattle , *61%* among LA youth
According to the nonprofit California Housing Partnership Corp., median rent, adjusted for inflation, increased more than 30% from 2000 to 2015, while the median income was flat. Currently, the median asking price for rentals countywide is $1,995 for one-bedroom apartments and $2,416 for all multifamily units, according to the real estate website Zillow.The Homeless Services Authority linked the worsening problem to the economic stress on renters in the Los Angeles area. More than 2 million households in L.A. and Orange counties have housing costs that exceed 30% of income, according to data from Harvard University’s Joint Center for Housing Studies included in the report.