What happened to LA's housing affordability?

[maggie2101]

In the 1980s I was living in a nice 1 bedroom in Hollywood with living room, formal dining room, balcony, and service porch for $400 a month. Those were the days.

[disgruntled la native]

Originally Posted by True Freedom

This techie has: a) full home surveillance driven by tech b) a stash of weapons

Smart. You may need it.

[disgruntled la native]

Originally Posted by BRinSM

to add on to what true freedom mentioned, tech is one of the last industries where the US is a leading force. get rid of those techies and you lose a huge part of the economy as well as future potential of the economy.

It'd be good for this country to go through another Great Depression... then another New Deal and World War.

[PDR2015]

Originally Posted by disgruntled la native

It'd be good for this country to go through another Great Depression... then another New Deal and World War.

Really? A World War would be good for this country?

[StreetLegal]

Originally Posted by maggie2101

In the 1980s I was living in a nice 1 bedroom in Hollywood with living room, formal dining room, balcony, and service porch for $400 a month. Those were the days.

In the 1990's I was living in a studio with a separate kitchen/dining area in Los Feliz for $450 per month: newly renovated, elevator served, 1920's building with character, great views of the Hollywood Hills (no parking though).

[StreetLegal]

Originally Posted by disgruntled la native

Smart. You may need it.

Techies are not the problem. Nimbys and the abuse of CEQA do more to inflate rent/housing prices in LA than Tech.

[maggie2101]

Originally Posted by StreetLegal

In the 1990's I was living in a studio with a separate kitchen/dining area in Los Feliz for $450 per month: newly renovated, elevator served, 1920's building with character, great views of the Hollywood Hills (no parking though).

I had a parking spot in the back of the 4 unit bldg. My sister and her husband lived in the garage apartment. My parents lived in a huge house on Wilton Place near Franklin. I miss those days.

Oddly enough, I discovered that my best friend's father lived in my exact same apartment in the early 40s.

[Marv101]

Texas also has no zoning laws as opposed to California; when Toyota announced they'd be moving from Torrance to Plano, TX, the least expensive house in Torrance was priced at 550k, as opposed to $145K in Plano, so affordable housing is abundant throughout Texas.

Prop. 13 is in no danger of being repealed since millions of folks would lose their homes to pay exploding tax bills, including the insatiable Sacramento politicians and their union/civil service/environmentalist zealots who are equally insatiable about nonstop pay increases.
Lots of the folks who've lived in their houses since Prop. 13 was passed would sell their houses, reap the tax free capital gains tax bonanza, and likely leave the state.

[Ultrarunner]

Zoning determines winners and losers...

Land is only worth what you can do with it... many times land is down zoned and there goes the value right along with it.

Parts of Texas have no or limited building codes... this has a tremendous impact on the cost of housing...