Our own Ellie Balderrama (Los Feliz / Silver Lake / Atwater Village Rental Girl) was interviewed and quoted in this story in the LA Times today:
Rents soar as foreclosure victims, young workers seek housing
Few new units and tight standards for home loans add to the pressure. The average monthly U.S. rent is at an all-time high, and a 10% jump in Los Angeles County over the next two years is forecast.
May 05, 2012|By Alejandro Lazo, Los Angeles Times
A nation still struggling to clear up one housing debacle has run smack into another — soaring rents.
The foreclosure mess has pushed millions of former homeowners with tarnished credit into a competitive apartment market across the U.S. Add fresh demand from young workers, few new units and tight standards for home loans, and the result is rental sticker shock not seen in years. Read the rest of this entry »