Center for Neighborhood Knowledge on L.A.’s Housing Crisis
A New Yorker article on homelessness and the affordable housing crisis in California cited data from the UCLA Center for Neighborhood Knowledge (CNK). The article focused on Weekend Warriors, a company that hires individuals facing housing insecurity to house-sit vacant homes in gentrifying neighborhoods. Weekend Warrior employees live in properties that are being flipped, guarding them through the renovation, staging, open-house and inspection periods. CNK research shows that Los Angeles has the highest median home prices, relative to income, and among the lowest homeownership rates of any major city. As for rental units, Los Angeles has one of the lowest vacancy rates in the country and the average rent is $2,200 a month. The housing shortage, caused in part by restrictive zoning laws and NIMBYism, has exacerbated homelessness in Los Angeles, with about 66,000 individuals sleeping in cars, in shelters or on the street on any given night.
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