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(KNBC 4 Los Angeles)   Renting in L.A. has gotten crazy, which is insane considering how large L.A. is. One of the possible solutions is increasing rent control - only buildings built before 1978 are currently eligible   ( nbclosangeles.com) divider line
    More: Strange, Angie Crouch, Year of birth missing, Los Angeles, Monday, residents, News  
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3923 clicks; posted to Main » on 18 Apr 2017 at 5:20 AM (26 weeks ago)   |   Favorite    |   share:  Share on Twitter share via Email Share on Facebook   more»



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2017-04-18 01:09:43 AM  
Move to Albuquerque.
 
2017-04-18 01:59:15 AM  
aboutfilmandstuff.files.wordpress.com
 
2017-04-18 02:43:45 AM  
L.A.'s fine, the sun shines most of the time
And the feeling is laid back
Palm trees grow and rents are low


Neil Diamond lied to us, man.
 
2017-04-18 04:48:32 AM  
Move to Brentwood.
 
2017-04-18 05:32:11 AM  
Facing this very challenge in the light of a pending divorce as we speak.  Not fun.
 
2017-04-18 05:34:40 AM  

meatofmystery: Facing this very challenge in the light of a pending divorce as we speak.  Not fun.


I'm sorry, I feel your pain
 
2017-04-18 05:48:29 AM  
Increasing rent control will only slow down or stop new construction. People aren't going to build new apartments if they won't make a profit.
 
2017-04-18 05:50:16 AM  
Not sure why people insist on staying in these places.
 
2017-04-18 05:58:00 AM  
Fark you. Move.
 
2017-04-18 06:01:48 AM  

CocoNutz: Not sure why people insist on staying in these places.


Because some people are legally bound by divorce contracts to stay a certain number of miles near their ex even though the person got 60% custody and no child support. 

I mean, there are reasons.
 
2017-04-18 06:06:06 AM  
If a nice place is affordable, bad people will eventually find out and ruin it. To keep them out, the rents have to go up.
 
2017-04-18 06:34:41 AM  

interstitialofficial: If a nice place is affordable, bad people will eventually find out and ruin it. To keep them out, the rents have to go up.


Actually what I see is that poor little rich kids move into the affordable area and drive up the rents. I live New York and the landlords do everything they can do to deregulate the apartments in order to jack up the rents. I pay half what the deregulated apartment across from me goes for.
 
2017-04-18 06:34:41 AM  
City living is expensive?? Who knew?

Clearly, the only solution is rent control. Because you should be able to live where you want regardless of your income. 

I think making rent $100 per month across the board will go a long way to making quality living for all.
 
2017-04-18 06:35:17 AM  

interstitialofficial: If a nice place is affordable, bad people will eventually find out and ruin it. To keep them out, the rents have to go up.


So only good people can afford LA rent?
 
2017-04-18 07:00:16 AM  
Enforcing existing immigration law and free up several million affordable rental units?  The currently non-affordable ones will soon become almost affordable.

/Bonus - Taxes decrease, schools free up, jobs open up, wages increase, etc.
//Supply and demand mutha farkers, learn it.
 
2017-04-18 07:15:36 AM  
"For many residents in Los Angeles, renting and buying is getting harder and harder. Angie Crouch reports for NBC4 News at 6 on Monday, April 17, 2017. "

What a great article.  Ain't nobody got time for linked newscasts.
 
2017-04-18 07:20:46 AM  

scanman61: interstitialofficial: If a nice place is affordable, bad people will eventually find out and ruin it. To keep them out, the rents have to go up.

So only good people can afford LA rent?


Only rich people, who on average make better neighbors. As the rent goes down, the neighbors get nastier.
 
2017-04-18 07:24:24 AM  
How else do you keep out the riff raff
 
2017-04-18 07:28:34 AM  

dambis: interstitialofficial: If a nice place is affordable, bad people will eventually find out and ruin it. To keep them out, the rents have to go up.

Actually what I see is that poor little rich kids move into the affordable area and drive up the rents. I live New York and the landlords do everything they can do to deregulate the apartments in order to jack up the rents. I pay half what the deregulated apartment across from me goes for.


On reflection; around here the population is going up, so there is so called greater demand. There's no physical law that says you have to raise prices due to greater demand, but it's something you can get away with, so it's what everyone does.

Also, around here, it feels like the govt. treating lower middle, middle class people like rich people and squeezing them for just a little more. After all, we don't live in the ghetto, we got money. Pfft.
 
2017-04-18 07:33:48 AM  

RolfBlitzer: How else do you keep out the riff raff


Hoping for another World War on that front. Thinning out those ranks is long over due.
 
2017-04-18 07:38:06 AM  
The real problem in Los Angeles is water. We cannot in good conscience claim to be able to provide future water for additional housing units - and if the L.A. area doesn't find some source of additional water, it's growth is going to be pretty much capped - and that means housing prices and rents will continue to rise.
Rent control is a bandaid - it stops the bleeding for a short while, but doesn't solve the problem.
 
2017-04-18 07:40:08 AM  
Move to Cleveland :)

/Yeah I know it snows here...
 
2017-04-18 07:44:40 AM  
This is pretty much the same in any big city.

My father-in-law was whining on and on about how bad it is that his poor precious niece has to pay $2k/month rent for a 1-bedroom apartment in the city.

Finally I said ok.  Here's the situation.  Say, you own rental property in the city, and the "going rate" is $2K. Are you going to do the right thing in your eyes and be the good guy and only charge $100 a month like in the "good old days" you wax on about when gas was 30 cents a gallon and a cup of coffee was a nnnnickle?

Answer: "Of course not.  That wold be throwing money away"  (he's basically a miser)

Point proven.

People are farkin' greedy. Get over it.
 
2017-04-18 07:47:10 AM  

jso2897: The real problem in Los Angeles is water. We cannot in good conscience claim to be able to provide future water for additional housing units - and if the L.A. area doesn't find some source of additional water, it's growth is going to be pretty much capped - and that means housing prices and rents will continue to rise.
Rent control is a bandaid - it stops the bleeding for a short while, but doesn't solve the problem.


The working poor, middle class will be made to give up some of their water.

Had an anthropology prof. who said future wars will be over water. Got an uneasy feeling she's right.
 
2017-04-18 07:49:53 AM  

interstitialofficial: scanman61: interstitialofficial: If a nice place is affordable, bad people will eventually find out and ruin it. To keep them out, the rents have to go up.

So only good people can afford LA rent?

Only rich people, who on average make better neighbors. As the rent goes down, the neighbors get nastier.


Ahhhh, OK....you want to keep out thosepeople.
 
2017-04-18 07:58:31 AM  

Day_Old_Dutchie: This is pretty much the same in any big city.

My father-in-law was whining on and on about how bad it is that his poor precious niece has to pay $2k/month rent for a 1-bedroom apartment in the city.

Finally I said ok.  Here's the situation.  Say, you own rental property in the city, and the "going rate" is $2K. Are you going to do the right thing in your eyes and be the good guy and only charge $100 a month like in the "good old days" you wax on about when gas was 30 cents a gallon and a cup of coffee was a nnnnickle?

Answer: "Of course not.  That wold be throwing money away"  (he's basically a miser)

Point proven.

People are farkin' greedy. Get over it.


I read "greedy" as "cowardly". People are scared b/c we've set up harsh consequences for not having enough money. Everyone looks calm, like Invasion of the Body Snatchers where you walk down the street not showing any emotion so you can pass as one of them, but underneath everyone is scrambling like mad to get as much money as possible b/c if you don't, you're f*cked. Humans evolved to work together, to cooperate; but we've created a dog eat dog society, where everyone clutches that college degree to their chest, runs up a tree and declares "I got mine".

Now see, you got me started. ;)
 
2017-04-18 08:01:08 AM  

Day_Old_Dutchie: This is pretty much the same in any big city.

My father-in-law was whining on and on about how bad it is that his poor precious niece has to pay $2k/month rent for a 1-bedroom apartment in the city.

Finally I said ok.  Here's the situation.  Say, you own rental property in the city, and the "going rate" is $2K. Are you going to do the right thing in your eyes and be the good guy and only charge $100 a month like in the "good old days" you wax on about when gas was 30 cents a gallon and a cup of coffee was a nnnnickle?

Answer: "Of course not.  That wold be throwing money away"  (he's basically a miser)

Point proven.

People are farkin' greedy. Get over it.


Saying it's greed driving the pricing is incredibly uninformed. Do you know how I know you have no involvment with the rental market?
 
2017-04-18 08:21:56 AM  
Move to sleepy Long Beach and use the whatever line to downtown LA.

Not as cool as rest of LA county, but it has its charm.
 
2017-04-18 08:24:22 AM  
You'll find about as many economists favoring rent control as climate scientists denying climate change.  Rent control has disastrous effects to the quantity and quality of the housing stock and it essentially holds one class of people, landlords, responsible for an overall societal issue.  It's just a subsidy that landlords have to pay to the lucky few who won the rent lottery. Study after study prove that they invariably harm the poorest people because it reduces the overall housing stock.

Price controls are always disastrous and if you need a recent example, check out what's happening in Venezuela.  They've demonized shop-owners and the result has been empty stores.

If rents are unaffordable and you want to help those of lesser means, just have a rent subsidy based on income.  It's an effective targeted approach.
 
2017-04-18 08:27:34 AM  

WhoGAS: CocoNutz: Not sure why people insist on staying in these places.

Because some people are legally bound by divorce contracts to stay a certain number of miles near their ex even though the person got 60% custody and no child support. 

I mean, there are reasons.


Yep, that is the whole problem right there -- millions and millions of awkward custody arrangements.
 
2017-04-18 08:35:13 AM  
I'm not even sure this is a Bad Thing: rents get too high, everyone but the wealthy moves out, any businesses that can leave do leave, the wealthy's standard of living plummets when they have no waiters, gardeners, etc., the attraction (and property value) declines, prices stabilize.  It's just supply and demand at work.
 
2017-04-18 08:37:16 AM  
I think there's more than just supply an demand at work. Here most apartments are owned by just a few REITs that increase rent in unison.
 
2017-04-18 08:42:28 AM  

fark account name: You'll find about as many economists favoring rent control as climate scientists denying climate change.  Rent control has disastrous effects to the quantity and quality of the housing stock and it essentially holds one class of people, landlords, responsible for an overall societal issue.  It's just a subsidy that landlords have to pay to the lucky few who won the rent lottery. Study after study prove that they invariably harm the poorest people because it reduces the overall housing stock.


And like you mentioned, it reduces the quality of that stock. Landlords have no incentive to keep places in great condition - once tenants are grandfathered in to a price, they're pretty much stuck where they are too. NYC has extensive regulations about minimal living conditions (like heating in the winter) because landlords will neglect the facilities and avoid any ongoing expenses. For some, their costs can grow to exceed the rent they're allowed to collect, so it's hard to see them as simple villains.

We rent a couple of houses in a city of about 1 million people. There's no rent control and rents have been inflating pretty fast. But we keep the places in excellent condition. We used to live in each, and they're probably both a little better kept than when we lived there. Being able to charge market rates gives us both the incentive and ability to do this.
 
2017-04-18 08:45:22 AM  
Rent control has never solved the housing crisis anywhere. A lot of the buildings in LA seem to be low-rise, so maybe encouraging the construction of large apartment complexes would help. Is there any legal or economic impediment to that?
 
2017-04-18 09:00:14 AM  
Move to Mahanoy City, Pennsylvania then.
 
2017-04-18 09:05:34 AM  

interstitialofficial: Humans evolved to work together, to cooperate; but we've created a dog eat dog society, where everyone clutches that college degree to their chest, runs up a tree and declares "I got mine".


Humans evolved to cooperate in social packs of perhaps 20 members. Those packs would then prey upon (and occasionally, cannibalize) neighboring, similarly-constructed packs.

I think you'll see that social trend still prevails.
 
2017-04-18 09:06:10 AM  

interstitialofficial: RolfBlitzer: How else do you keep out the riff raff

Hoping for another World War on that front. Thinning out those ranks is long over due.


You need a draft. Currently, we're only killing off the best and the brightest the military can get.
 
2017-04-18 09:07:07 AM  
I rather live in the one in South Patagonia
 
2017-04-18 09:08:15 AM  

Frizbone: Move to Mahanoy City, Pennsylvania then.


Jeebus, the only place worse than that is Shamokin.
 
2017-04-18 09:24:25 AM  

Yellow Beard: Frizbone: Move to Mahanoy City, Pennsylvania then.

Jeebus, the only place worse than that is Shamokin.


Thanks to my wife, I know where that is now.
 
2017-04-18 09:32:30 AM  
All I hear is poor people whining they are getting priced out of LA. No one owes you a desirable place to live and if people with money want to live there the price is going up. 

Move to Central Valley ?
 
2017-04-18 09:35:01 AM  
Housing is one of the things capitalism has corrupted the most. It's a basic need, but is treated more like a luxury commodity than a right. Hell most rental management's charge a application fee, as in you have to pay to potentially be told no.
 
2017-04-18 09:37:20 AM  

PapermonkeyExpress: City living is expensive?? Who knew?

Clearly, the only solution is rent control. Because you should be able to live where you want regardless of your income. 

I think making rent $100 per month across the board will go a long way to making quality living for all.


Another guy . with the 'free market solution'.  OK, lets play.  Let's have a real free market solution for housing, which hasn't really been free since the days of restrictive covenants and the more recent zoning regs which are mainly employed to keep out 'those people' or artificially inflate values for the benefit of speculators.
 
2017-04-18 09:52:51 AM  
Can't they just move to Compton? Probably a lot cheaper there.
 
2017-04-18 10:14:27 AM  

Fissile: PapermonkeyExpress: City living is expensive?? Who knew?

Clearly, the only solution is rent control. Because you should be able to live where you want regardless of your income.

I think making rent $100 per month across the board will go a long way to making quality living for all.

Another guy . with the 'free market solution'.  OK, lets play.  Let's have a real free market solution for housing, which hasn't really been free since the days of restrictive covenants and the more recent zoning regs which are mainly employed to keep out 'those people' or artificially inflate values for the benefit of speculators.


Once upon a time, we had a man in the White House who had a solution!
img.fark.net
 
2017-04-18 10:14:58 AM  
L.A. is a great big freeway. Put a hundred down and buy a car. In a week, maybe two, they'll make you a star. Weeks turns into years. How quick they pass. And all the stars that never were are parking cars and pumping gas.
Boom,boom,boom,boom
I've got lots of friends in San Jose
Ba, ba,ba, ba,ba,ba,ba,ba,ba
 
2017-04-18 10:22:18 AM  

CocoNutz: Not sure why people insist on staying in these places.


what do you mean "these" places?
 
2017-04-18 10:25:30 AM  

leevis: Increasing rent control will only slow down or stop new construction. People aren't going to build new apartments if they won't make a profit.


I'm in the business and this is absolutely true. If you want to increase the number of available rental units one of the best ways is to eliminate development fees on new apartment construction (and cities should love apartments because they are easier to service and offer way more tax return per acre than single family homes). Another solution that works where I am (Ontario) is to offer construction incentives, usually about 30% to 60% of the cost, for builds that target the working poor. The developer signs an agreement to keep rents at 80% of the local market average for the next 25 years, and agrees to other stipulations regarding who rents there. It's a win-win: The city gets apartment units for low income people with no ongoing support commitment, the developer gets assistance with the initial capital investment but will still have decent cash flow for what would normally be less time that the standard mortgage amortization period, and tenants get units at reduced rent but in developments that typically to have a fairly wide income range (some working poor, some retired, some social assistance) so don't become ghettoized.
 
2017-04-18 10:34:11 AM  
You could ask your landlord to sign a 10 year lease if you don't want your rent to go up... you know, share some risk.
 
2017-04-18 10:43:02 AM  

Yellow Beard: Can't they just move to Compton? Probably a lot cheaper there.


Yes, the Archie Bunker solution.

ALL IN THE FAMILY - TRY JERSEY!
Youtube siclx2nmJDQ
 
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