Title : Downtown LA: high vacancy rates leads to catastrophic homelessness
link : Downtown LA: high vacancy rates leads to catastrophic homelessness
Downtown LA: high vacancy rates leads to catastrophic homelessness
| RT | Sep 27, 2017 |
California has some of the lowest vacancy rates in the country, as the high cost of real estate and sky-high rent keeps turnover rates low. Landlords in downtown Los Angeles are facing the opposite problem, however, with vacancy rates in the newly developed area the highest in seventeen years. As the state’s housing crisis worsens - local advocacy groups are pushing for the construction of more affordable housing. RT America’s Brigida Santos has the story.
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