Los Angeles is shrinking. About 10,000 people are leaving the city every year, and another 50,000 leave the surrounding county. This has been going on for over a decade. And yet over that same time frame, rents have nearly doubled. How is this possible? Shouldn’t fewer people mean lower demand for housing? Even if the […]
Los Angeles is shrinking. About 10,000 people are leaving the city every year, and another 50,000 leave the surrounding county. This has been going on for over a decade. And yet over that same time frame, rents have nearly doubled. How is this possible? Shouldn’t fewer people mean lower demand for housing? Even if the […]
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