Measure S Would Grip Los Angeles In A Housing Shortage

[Originally published by Forbes]

 

Los Angeles, CA–The City of Angels is suffering from a housing shortage, to the point that median prices have risen into the rarefied air of $610,000. This trend has grown starker recently, with L.A.’s prices increasing by an astonishing $240,000 in just 5 years, leading to sudden spikes in homelessness and evictions. It might seem counter-intuitive, then, to pass a broad sweeping measure that would effectively ban new housing construction. But that is what residents could do if they vote “yes” on the upcoming Measure S…[read the rest at Forbes]