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Hold on to Your Rent Controlled Apartment

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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."