Welcome to City-Data.com Forum!
U.S. CitiesCity-Data Forum Index
Go Back   City-Data Forum > U.S. Forums > California > Los Angeles
 [Register]
Please register to participate in our discussions with 2 million other members - it's free and quick! Some forums can only be seen by registered members. After you create your account, you'll be able to customize options and access all our 15,000 new posts/day with fewer ads.
View detailed profile (Advanced) or search
site with Google Custom Search

Search Forums  (Advanced)
Reply Start New Thread
 
Old 04-12-2016, 10:25 AM
 
Location: Los Angeles
437 posts, read 811,378 times
Reputation: 165

Advertisements

Your thoughts .. Is this the effect of $15.00 minimum wage ?


Sky-high apartment rents in Southern California are expected to climb further in coming years, as construction fails to keep up with population and job growth, according to a forecast released Tuesday.
The average rent in Los Angeles County is expected to hit $1,416 a month in 2018, an 8.3% jump from last year, while in Orange County, average rents are likely to rise 9.4% to an average of $1,736, the USC Casden Multifamily Forecast said.




Southern California apartment rents are expected to continue rising through 2018 - LA Times
Reply With Quote Quick reply to this message

 
Old 04-12-2016, 11:24 AM
 
Location: La La Land
1,616 posts, read 2,490,444 times
Reputation: 2839
No it has absolutely nothing to do with $15 minimum wage.

It's simple supply and demand.
Reply With Quote Quick reply to this message
 
Old 04-12-2016, 11:28 AM
 
4,795 posts, read 4,823,491 times
Reputation: 7348
$15/hr minimum wage won't be in effect until 2022. There is no correlation with rent. Too many people want to live here and there is a finite housing supply
Reply With Quote Quick reply to this message
 
Old 04-12-2016, 11:39 AM
PDF
 
11,395 posts, read 13,418,339 times
Reputation: 6707
"LOL @ the people who pay crazy rent prices while I own my condo." -YoungTraveler2011
Reply With Quote Quick reply to this message
 
Old 04-12-2016, 11:55 AM
 
234 posts, read 202,245 times
Reputation: 124
Quote:
Originally Posted by PDF View Post
"LOL @ the people who pay crazy rent prices while I own my condo." -YoungTraveler2011
Ok that was pretty funny
Reply With Quote Quick reply to this message
 
Old 04-12-2016, 12:56 PM
 
Location: Los Angeles
437 posts, read 811,378 times
Reputation: 165
Will rent ever decrease ? Like gas prices lol
Reply With Quote Quick reply to this message
 
Old 04-12-2016, 01:05 PM
 
210 posts, read 305,338 times
Reputation: 61
How do we prevent this from happening? At this rate I'll never be able to successfully move here on my own!
Reply With Quote Quick reply to this message
 
Old 04-12-2016, 01:19 PM
 
Location: Downtown Los Angeles, CA
1,886 posts, read 2,099,341 times
Reputation: 2255
Quote:
Originally Posted by Dontworryboutit View Post
How do we prevent this from happening? At this rate I'll never be able to successfully move here on my own!
Stay where you are.
Reply With Quote Quick reply to this message
 
Old 04-12-2016, 01:23 PM
 
210 posts, read 305,338 times
Reputation: 61
Quote:
Originally Posted by adr3naline View Post
Stay where you are.
Why do you and everyone else keep saying that?
Reply With Quote Quick reply to this message
 
Old 04-12-2016, 01:27 PM
 
Location: TOVCCA
8,452 posts, read 15,043,863 times
Reputation: 12532
Quote:
Originally Posted by Dontworryboutit View Post
How do we prevent this from happening? At this rate I'll never be able to successfully move here on my own!
Rent a room in a house and scrimp until you can buy something. It's really the smartest move now.

https://www.roomster.com/location/los-angeles--ca
Reply With Quote Quick reply to this message
Please register to post and access all features of our very popular forum. It is free and quick. Over $68,000 in prizes has already been given out to active posters on our forum. Additional giveaways are planned.

Detailed information about all U.S. cities, counties, and zip codes on our site: City-data.com.


Reply
Please update this thread with any new information or opinions. This open thread is still read by thousands of people, so we encourage all additional points of view.

Quick Reply
Message:


Settings
X
Data:
Loading data...
Based on 2000-2020 data
Loading data...

123
Hide US histogram


Over $104,000 in prizes was already given out to active posters on our forum and additional giveaways are planned!

Go Back   City-Data Forum > U.S. Forums > California > Los Angeles

All times are GMT -6. The time now is 01:16 PM.

© 2005-2024, Advameg, Inc. · Please obey Forum Rules · Terms of Use and Privacy Policy · Bug Bounty

City-Data.com - Contact Us - Archive 1, 2, 3, 4, 5, 6, 7, 8, 9, 10, 11, 12, 13, 14, 15, 16, 17, 18, 19, 20, 21, 22, 23, 24, 25, 26, 27, 28, 29, 30, 31, 32, 33, 34, 35, 36, 37 - Top