Los Angeles Expects to Turn Away 96 Percent of Subsidized Housing Applicants – Mother Jones: "When Los Angeles opens applications to join its waitlist for subsidized housing vouchers in a couple of weeks, the city’s housing authority expects that it will receive more than 600,000 applications. According to the Los Angeles Times, the waitlist’s capacity is just 20,000, which means that 580,000 of those who apply will be told, more or less, ‘Sorry, better luck next time.’
The lucky 20,000 then stand to wait a up to a decade for a voucher to become available."
---------------
I think we can safely call that a housing crisis, don't you? LA has what some say is the least affordable housing prices in the US. Some cities are higher in dollars, but not necessarily relative to income.
2 comments:
...and it should be no surprise that people are fleeing California in droves to other states, like Texas. So who stays? The irrational.
Don’t worry. There will be plenty of low rent, decaying condo buildings masquerading as run down apartment projects. That seems to be part of the cycle of life for “affordable” and formerly modestly priced condo associations, especially the former apartment to condo conversions. Why build affordable rental housing when there are so many irresponsible condo landlords and condo-motels available in the less desirable part of town or near the suburban fringes?
(Sarcasm alert.)
Post a Comment