Why Is Housing So Expensive In Los Angeles?

The Los Angeles Housing Authority leveled Chavez Ravine’s existing low-income housing and evicted its residents, to make way for 10,000 units of new, high quality public housing. In Los Angeles only apartments built before 1979 are subject to the city’s Rent Stabilization Ordinance, even though the City Council could adopt 1995 or even 2007 as the RSO’s cutoff date. In combination these seven factors have created one of the most expensive housing markets in the United States, even though the city’s population is declining, and new market-rate apartments have high vacancy rates.

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