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California

DBoon

(23,220 posts)

14. What do you think drives the high cost of rentals?

Reply to hay rick (Reply #6)

Wed Jun 21, 2023, 04:04 PM

Jun 2023

The very wealthy looking for investments. What could be a better investment than something essential like housing?

Lots of capital looking for a place, driving up the price of real estate. That price must be paid for with rising rents.

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Who's unhoused in California? Largest study in decades upends myths [View all] usonian Jun 2023 OP

Another problem is that it's better to squat in California than it is to move to some cheaper Hugh_Lebowski Jun 2023 #1

California is the 5th economy of the world. jimfields33 Jun 2023 #4

Priorities Higherarky Jun 2023 #10

❤️ littlemissmartypants Jun 2023 #2

Even if people wanted to move somewhere cheaper Demobrat Jun 2023 #3

That brought up memories of Grapes of Wrath usonian Jun 2023 #11

I used to volunteer at a local PoindexterOglethorpe Jun 2023 #5

The underlying problem is looting by the rich. hay rick Jun 2023 #6

Right you are, rick. jaxexpat Jun 2023 #8

Amen to that. usonian Jun 2023 #13

What do you think drives the high cost of rentals? DBoon Jun 2023 #14

If we had bailed-out homeowners in the 2008 crash Farmer-Rick Jun 2023 #7

+1 leftstreet Jun 2023 #9

The reason is obvious: Median income of homeless is $960/mo.; median CA rent is $2,895 SunSeeker Jun 2023 #12

If there was plentiful housing for all then rents would fall... hunter Jun 2023 #15

Not the case in Santa Monica and Venice flamingdem Jun 2023 #16