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One paper, for instance, found that a short-term rental ordinance in a city in southern California led to a 2.7% decline in contracted long-term rental prices on average—meaning, that when you ...
Issi Romem, an economist at the Terner Center for Housing Innovation at the University of California, Berkeley said: "...as long as abundant new housing was built to accommodate those drawn to California, housing price growth was limited and the state's allure was channeled into population growth: From 1940 to 1970 California's population grew 242 percent faster than the national pace, while ...
A survey conducted in October 2018 by the Los Angeles Times and the University of Southern California found that 28% of eligible California voters believed that the lack of rent control was the main contributing factor to California's housing affordability crisis. 24% of respondents believed that the most significant cause of the housing crisis ...
The homeowner vacancy rate was 0.8%; the rental vacancy rate was 5.3%. 85,308 people (58.7% of the population) lived in owner-occupied housing units, and 58,984 people (40.6%) lived in rental housing units. As of March 2019, Torrance had a median household income of $85,070 and a median family income of $102,637. [36]
For over a year we've reported a decline in the prices for both homes and rentals. Apartment listings have even offered bonuses -- everything from months free to discount cards to gym memberships ...
California housing costs are among the most unaffordable in the United States. In 2018, the median San Jose home cost 10 times the median household income; Los Angeles homes cost 9.5 times; San Francisco homes cost 8.9 times; San Diego homes cost 8.1 times. [12] California is the most expensive state to rent in, in the United States. [13]
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