clock menu more-arrow no yes

Filed under:

Hold on to Your Rent Controlled Apartment

New, 57 comments

A commentary piece in this week's LA Business Journal (subscription) by Mary Leslie, president of the Los Angeles Business Council, cites an interesting statistic from the Los Angeles Housing Department: "Last year... more than 14,000 housing units were built in the city. Twelve thousand of those units were priced for people making $90,000 or more per year. Unfortunately, in the same period, only 1,300 of the 8,000 units needed for people making between $29,000 and $90,000 per year were built."