So. CA Reverses National Housing Trend
Nationwide, home ownership rose to 66% last year. But in Los Angeles, only 38.6% own their homes. Only NYC has more renters.
Some call it a crisis requiring an immediate solution. Home ownership creates community stability. Renters are less secure economically and personally. In LA the low ownership rate includes a lack of policy on housing, as well as the massive population growth. Other So. CA counties have rates of home ownership that reflect the national level.
Thanks to Gwenn Hilburn
Full Story:
Published on Thursday, November 29, 2001 in
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