Supply and Demand. If demand rises -- and it does, the population of LA is increasing by roughly 20,000 annually (from http://www.clrsearch.com/Los-Angeles-Dem

Supply and Demand. If demand rises -- and it does, the population of LA is increasing by roughly 20,000 annually (from http://www.clrsearch.com/Los-Angeles-Demographics/CA/Population-Growth-and-Population-Statistics http://www.clrsearch.com/Los-Angeles-Demographics/CA/Populat...) -- if 20,000 per year are added to LA's population, you need more rental units. Here's a potential SAT question in the 'Logical Reasoning' part: "A large city experiences 20,000 population growth per year. Because restaurants, doctors, barbers, dentists, and other service providers are not growing fast enough in the city to accommodate this large growth in citizens, should the city: [A] Provide incentives for new restaurants, doctors, barbers, dentists, etc. to move into the city and start operating to meet the need? [B] Or should the city impose caps/limits on the fees/charges of those restaurants, doctors, barbers, dentists, etc. who already operate in the city, which will create disincentives for new operators to move to the city to satisfy increasing demand? Supply and Demand. The demand for EVERYTHING is affected by 20,000 new citizens in LA each year. In 10 years there 100,000 to 200,000 more citizens in LA. With the disincentives for new landlords to enter the LA market, there will be an even more severe shortage of units. "Shortage of willing landlords." The old adage is this: "You cannot price-limit, and regulate, and tax your way to an over-supply of housing." It's really, REALLY awful that city leaders don't understand that. Guess which cities have the greatest shortage of landlords? Los Angeles San Francisco New York City San Jose (those are the U.S. cities with the longest period of landlord-reducing Rent control laws, by the way) Can we PLEASE INCREASE THE FREAKING SUPPLY of willing landlords. PLEASE. $3500+ for a 1 bedroom apartment is just pyscho.