March 29, 2024 #1 Local News, Forum, Information and Event Source for Venice Beach, California.

Construction Down Rent Up

3:30pm

U.S. Census Bureau data shows that permits for housing construction in the Los Angeles metropolitan area declined in 2016 for the first time in six years. The drop is the first since 2009, when the recession slowed new housing units to 7,281.

KPCC Radio reported housing units permitted in the region, including Long Beach and Anaheim, totaled 32,008 last year, compared to 34,034 in 2015. Reflecting a 6 percent drop.

A 2014 study by UCLA concluded that Los Angeles is the most unaffordable
rental market in the country. Something anyone renting in Venice would agree with. One of the culprits, city-wide, is a lack of available units, as the city’s growth over the last several decades has outpaced construction.lso contributing to the high rental market is that much of the new

Also contributing to the high rental market is that much of the new
housing units being built in Los Angeles are expensive high-rises in the
downtown area.Most of the housing stock is being built at the highest income strata.

“Most of the housing stock is being built at the highest income strata.
So it’s not like we’re building affordable units,” Paul Habibi, a developer
who lectures on real estate at UCLA’s Anderson Graduate School of Management,
told KPCC.The housing shortage has become a major issue at City Hall, in

The housing shortage has become a major issue at City Hall, in particular since Measure S, an anti-development ballot measure, was struck down by Los Angeles voters in March but still caused the City Council to pass a number of motions aimed at increasing transparency when it comes to developers’ influence.Mayor Eric Garcetti set a goal in 2015 for the city to build 100,000 new

Mayor Eric Garcetti set a goal in 2015 for the city to build 100,000 new units of housing by 2021. He acknowledged the housing crisis during a news conference in March, when he announced he was banning private meetings between planning commissioners and developers, which was also a move toward transparency.There is no doubt that our city is facing a housing crisis and this

“There is no doubt that our city is facing a housing crisis and this
requires an all hands on deck approach,” Garcetti said.The mayor also said that despite his opposition to Measure S and stances

The mayor also said that despite his opposition to Measure S and stances on the need to build more affordable housing and housing in general, he is not “pro-density.”There’s always this theme that City Hall is pushing density on

“There’s always this theme that City Hall is pushing density on
community members who don’t want it,” he said. “What I’m saying is the number
of people who live here are the number of people who live here. The number of
people who move here aren’t signing up for permission from City Hall to move
here, or to have children. They are here, period, and we have to respond.”

-from CNS

in Opinion
Related Posts

New Program Can Help Protect Southern California Homes in the Event of an Earthquake

May 13, 2023

May 13, 2023

Residents Have Until May 31 To Apply For Seismic Retrofit Grants By Janiele Maffei, Chief Mitigation Officer for the California...

Venice Shorts: Tree Trimming Underway Thanks to the Vsa!

April 28, 2023

April 28, 2023

VSA Has Taken up the Task of Trimming Italian Stone Pine Trees. By Nick Antonicello Following the recent toppling of...

Venice Stakeholders Association’s Comments on Traci Park’s Broken Bridge Housing Promise

April 24, 2023

April 24, 2023

By Marc Ryavec I have been struggling with how to address the phenomenon that someone I and many others in...

Column: Tired OF Declinists? Some Enduring New California Positives

April 18, 2023

April 18, 2023

By Thomas D. Elias California has taken a beating lately, with (mostly Republican) governors of other states blasting many aspects...

Venice Shorts: The South Venice Blvd Encampment, Is It a Candidate for a City Cleanup?

April 14, 2023

April 14, 2023

One of the last of the large encampments closest to the beach, Venetians are hopeful help is on the way!...

Venice Shorts: Averill Defeats Tyminski 63%-37% to Become President of Venice Neighborhood Council

April 3, 2023

April 3, 2023

In second bid for top spot, surfer/photographer Brian Averill coasts to an easy win against Venice attorney and outgoing Vice-President...

Column: Install at LAX Tiny Homes From The State Grant

March 31, 2023

March 31, 2023

By Clark Brown On March 16  Governor Newsom announced in Sacramento, his first stop on his State of the State of...

Venice Shorts: Night & Day – Flower & Lincoln Transformed, Back in Business

March 28, 2023

March 28, 2023

By Nick Antonicello In what was a Venice eyesore just a few months ago has been transformed into a place...

Opinion: Please Vote for Daffodil Tyminski

March 25, 2023

March 25, 2023

This is Tom Williams, your neighbor at 1011 Main Street.  With the upcoming VNC election this Sunday, I wanted to reach...

Venice Shorts: Popular Local Jim Robb Seeks Vp Slot, Endorses Brian Averill for President of the VNC!

March 23, 2023

March 23, 2023

By Nick Antonicello  VENICE – In a twist of events longtime Community Officer Jim Robb will now be seeking the...

Venice Shorts: Tabor Family Legacy Amara Hordt Seeks Seat on VNC This Sunday!

March 22, 2023

March 22, 2023

Local realtor looks to follow a family legacy of engaged community involvement here in Venice By Nick Antonicello VENICE –...

Venice Shorts: Erica Moore, A Cheerleader For Venice In Her Run For Community Officer!

March 22, 2023

March 22, 2023

By Nick Antonicello VENICE – Local caterer Erica Moore is making a second run for the Venice Neighborhood Council, but...

Venice Shorts: Running Unopposed, Nico Ruderman’s Deep Dive Into Politics and Government Continues!

March 22, 2023

March 22, 2023

By Nick Antonicello VENICE – It has been an interesting two years of political action, involvement and advocacy for Nico...

Venice Shorts: “V” for Venice Volunteer

March 20, 2023

March 20, 2023

Media professional, local business owner and Dad, Eric Alan Donaldson is defined by his volunteerism and love of Venice. By...

Deborah Keaton, a Consensus Building Candidate for VNC Community Officer!

March 20, 2023

March 20, 2023

Creative director, global brander and private business owner seeks a general consensus on what’s best for Venice moving forward.  By...