Los Angeles Is The Latest City With A Housing Crisis

[Originally published by Forbes]

 

When commentators discuss the U.S. cities with the least-affordable housing, they rarely mention Los Angeles. While dense coastal ones like New York, San Francisco, and Boston are considered exclusive, L.A. is sooner associated with the cheap and sprawling cities of the Sunbelt. This description would have been accurate in the mid-20th century, when the city’s unregulated growth made it a bane to architecture aesthetes, but great for middle-class prosperity. For decades, though, L.A. has copied the policies in these coastal hubs—and seen its affordability diminish.  [read the rest at Forbes]