Los Angeles' Popularity May Be Its Biggest Problem

Did you ever think being too popular could be a bad thing? Well, over-popularity may be exactly what's causing problems for Los Angeles, and it may very well develop into a crisis in the future.

There's a reason why Los Angeles, and California as a whole, is so popular in the United States. The weather is beautiful. The girls are too. There are so many things to do. They are on the cutting edge of everything.

So people flock to Los Angeles and the surrounding area in droves. But that creates a huge problem that doesn't show signs of stopping: a housing affordability crisis.

Think about it. What happens when demand skyrockets but supply stays roughly the same? Prices shoot up. In the case of Los Angeles housing, wages aren't keeping up. That's a problem. All these people flocking in have got to live somewhere. The problem is the more people that flock in, the more unaffordable it becomes for them to live there.

This has all led to more than 400,000 L.A. houses being deemed "substandard", where families have doubled up, sharing the space, or they spend more than half their income on housing. That's insane, especially when you consider that's basically double the rule of thumb everyone is taught in school, which is to spend no more than 25% income on housing.

Another problem is rising homelessness. Los Angeles has about 58,000 homeless at the time of writing this article. That number doesn't quite top New York, which sits comfortably in the number one position for most homeless people, but it does sit Los Angeles in the number two spot, and those numbers aren't encouraging for anywhere.

It's going to be up to the government now to hopefully commission some new affordable housing projects and incentivize builders. At the moment, there's really no incentive for builders to build cheap houses instead of luxury homes and apartments. Because there's plenty of well-off willing to snag up the luxury homes at higher prices. Another thing that's being looked at is creating denser housing near public transport hubs and possibly even building more public transport systems in the city to connect more people to jobs and housing.

Related Article: http://www.dailynews.com/general-news/20170619/is-californias-big-investment-in-needy-students-paying-off-few-signs-yet-that-achievement-gap-is-closing



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