Los Angeles is on the verge of social catastrophe. If rental values continue to rise at the same pace through the year, thousands of residents will lose the roof over your head.
These disappointing conclusions can be drawn based on the results of a new study from Zillow. Comparing data on the number of homeless in major U.S. cities and the growth of prices for rental housing, analysts estimate that a price increase of 5% will lie in the street of 2 thousand people.
The probability of such developments is very high, according to Apartment list, last year alone, the cost of leased apartments increased by 4.5%.
Already today the housing shortage in Los Angeles has reached catastrophic proportions — according to the latest report of the Los Angeles service center for the homeless, over the past year on the streets of the County, settled 14 thousand people. As a result, the number of homeless people has reached 58 thousand.
34 thousand found refuge in the City of Angels: including 3 thousands children and the same number of young people.
The problem would be to mitigate the increase in the affordable housing market, but in this area there is the opposite tendency. The California housing partnership Corporation predicts that in the next 5 years the County of Los Angeles could lose up to 14 thousand budget apartments.
