4 ms·
The number of housing starts in Los Angeles right now is basically zero[1]. 30 years ago the pace of home building in LA was three times higher with a populati
by realityman 7y ago
The number of housing starts in Los Angeles right now is basically zero[1]. 30 years ago the pace of home building in LA was three times higher with a population 20% smaller.
1: https://fred.stlouisfed.org/series/LOSA106BPPRIVSA https://fred.stlouisfed.org/series/LOSA106BPPRIVSA
- jayd16 7y agoMakes sense. There was far more space then. When I was a kid the Hollywood hills looked very empty, now you see more housing than mountain. We're building up instead of out from now on and that's a lot harder.
- jseliger 7y agoLA also has some peculiar problems around parking: http://seliger.com/2017/08/30/l-digs-hole-slowly-economics-fills-back-proposition-hhh-facilities-program http://seliger.com/2017/08/30/l-digs-hole-slowly-economics-f.... LA is basically doing everything it can to NOT build housing, of almost any kind, anywhere. And that's reflected in prices.