[Research help for this article was provided by UCLA student Hunter Iwig]
The rent in LA has gone up 30% in the last three years. What the hell?
Three big things happened, two of them awesome, and one dumb. We decided living in cities was cool again (awesome), city centers are creating tons of new jobs (awesome), and we didn’t build very many new places to live in our cities (not awesome).
It doesn’t have to be this way. We know what the problem is, and we have the power to solve it. Congress doesn’t need to unfuck itself, Obama doesn’t need to pull off a lame duck miracle. Zoning rules are made at the local level, city by city. So let’s solve this thing. Let’s upzone L.A., build more houses, and stop rent from eating the world.
PS: We’re working on why most new apartments are luxury apartments, and why that isn’t quite as terrible as it seems. It calls for an infographic, so if you’ve got graphic design skills, or know somebody who does, drop us a line at email@example.com
[Originally published on the blog LA Rent Is Too Damn High]