Multi-Family Homes Overtake Single-Family Homes In L.A.
In Los Angeles and much of Southern California, more multi-family homes are being planned and built than single-family residences.
"Construction of condos and apartments is rapidly overtaking that of single-family residences, even in suburbs known for spread-out living."
"Over the last six years, Los Angeles has approved more than 14,000 condos and apartments for construction in the San Fernando Valley, according to city records, nearly three times the number of single-family residences."
"It's a trend that is mirrored throughout the region, and it is expected to intensify as Southern California stretches to accommodate a crush of 6.3 million new residents over the next 30 years."
"So many new apartments will be built that by 2035, the number of multi-family dwellings under construction will outstrip the number of single-family residences two to one, according to projections by the Southern California Assn. of Governments."
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Auto traffic the only real problem
(caveat: I live in Chicagoland)
It sounds like the only real problem in this article is auto traffic congestion. Well, they may require the decentralization of office developments, so that everyone doesn't have to drive all the time.
Also, people that own single family homes or existing condos need to realise that more housing actually means more people, which means more housing demand, which means higher housing prices, which mean woo-hoo.