Los Angeles Times: After Years of Dramatic Increases, Rents are Finally Showing Signs of Slowing

Los Angeles Times: After Years of Dramatic Increases, Rents are Finally Showing Signs of Slowing
September 21, 2018 Joanna Rivas
After years of dramatic increases, rents are finally showing signs of slowing

After a remarkable run-up in housing costs that has crimped budgets, forced families from their neighborhoods and contributed to homelessness, it appears rent growth is slowing in Southern California and across the nation. Experts attribute the tapering in part to an increase in new apartment buildings that, although not giving tenants the upper hand, is giving them a bit more leverage than in years past. And after years of steady increases, some renters are simply unable or unwilling to stretch further, with the richest among them choosing a mortgage instead.

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