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LA (metro) saw a decadal growth of just 2.9% — total — from 2010 to 2020. That's less than half the national average, and well below many cheap cities. Zoom out
by scythe 3y ago
LA (metro) saw a decadal growth of just 2.9% — total — from 2010 to 2020. That's less than half the national average, and well below many cheap cities. Zoom out to the combined statistical area (including SB/Riverside) and it only goes up to 4.2%. Yet it hasn't gotten significantly cheaper.
Stopping growth does not imply achieving affordability on a reasonable timescale. Over several decades, maybe. But letting pain solve problems usually requires more than people realize it will take.
- bombcar 3y agoHousing has gone down in nominal dollars only a few years in the last century. Even if nothing else improved regulations and the cost of construction would lead to higher prices. Mayhap the best we can do is ensure supply is more than adequate and wages rise accordingly.