High cost of housing called dangerous
The high cost of housing in Los Angeles and Ventura counties is heading towards crisis levels, according to some experts.
A study released last week by the Greater Los Angeles and Ventura Chapter of the Building Industry Assn. and the Los Angeles County Economic Development Corp. called the housing situation into question.
"With more than 10 million people already calling Los Angeles County home, and that number estimated to increase dramatically in coming years, we simply are not building enough homes to meet demand," said Jack Kyser, chief economist for the Economic Development Corp. "If demand continues to outpace supply, we'll not only see higher home prices, the housing shortage will soon have a negative rippling effect across all sectors of the county economy."
Click here for more on los angeles real estate and real estate agents.
A study released last week by the Greater Los Angeles and Ventura Chapter of the Building Industry Assn. and the Los Angeles County Economic Development Corp. called the housing situation into question.
"With more than 10 million people already calling Los Angeles County home, and that number estimated to increase dramatically in coming years, we simply are not building enough homes to meet demand," said Jack Kyser, chief economist for the Economic Development Corp. "If demand continues to outpace supply, we'll not only see higher home prices, the housing shortage will soon have a negative rippling effect across all sectors of the county economy."
Click here for more on los angeles real estate and real estate agents.
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