LOS ANGELES is a city of renters — 61% of its households don't own the places where they live, one of the highest rates in the country, according to the 2000 census.We can predict that Los Angeles isn't the future of middle class America.
Average rents in the city have jumped 82% in the last 10 years, to $1,750 a month, according to surveys of large properties by RealFacts, a Bay Area real estate consulting firm. In pockets like Echo Park, they've more than doubled.
Tuesday, October 24, 2006
L.A. Rents Skyrocket
The L.A. Times reports:
