Rents will go up as thousands of displaced homeowners and tenants hit an already tight market, analysts and advocates said. Insurance costs, contracting and permitting are among the myriad of stressors added to L.A.’s housing challenges, many of which were already at risk of worsening.
Demand goes up, so do prices. Supply and demand at work.
Regulation to prevent exploitation? Nah. This is America.
L.A. actually has a lot of rent controlled apartments. My friend lives in a nice apartment in West Hollywood and his rent is $1,100 per month.
That’s fucked man. My 3 bedroom home cost less then that and I own.
I doubt you live in West Hollywood, and if you do, then you bought a long time ago. $1,100 per month in WeHo is a great deal. A similar apartment without rent control would cost $5,500 per month.
Nope sure don’t wouldn’t want to. California yall fucked on the rent.
I don’t live there, but it’s no different than any other major city in the world, except that they have a decent amount of rent control. Cities are super expensive to live in.