Monday, June 18, 2018

LA Times: High cost of housing drives up homeless rates, UCLA study indicates

I'm sharing this with you not only because I had spent a small amount of time in LA's Skid Row in 2016. Contrary I want answers to the increasing homeless population in LA. This is a must read!
In a study contained in the latest UCLA Anderson Forecast, released Wednesday, UCLA found that higher median rent and home prices are strongly correlated with more people living on the streets or in shelters. The research backs other studies that have found a similar relationship.

Last year, Zillow released a study that showed that a 5% rent hike in L.A. County — where more than 50,000 are estimated to be homeless — would cause 2,000 additional people to lose their homes.

In April, according to Zillow, the median rent for a vacant apartment in the county was $2,462, up 1.9% from the previous year. In 2017, rents climbed an average of 4.3% and in 2016, 6.5%. The median home price in April was $608,800, up 9% from a year earlier.
I have heard housing costs are pretty high in some areas of California - not just Los Angeles - however is this a reason for the increase in the homeless population?

 BTW, this is from two years ago at Newsalert, Subsidized rent, but nowhere to go: Homeless vouchers go unused. What a shame!
LAs Skid Row

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