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Those numbers are based on census data and give a good sense of what renters in the city of Los Angeles are now paying. But what about the prices faced by newcomers to the city and those simply lookin
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via 「Google News search」 : https://la.curbed.com/2018/6/7/17438182/los-angeles-for-rent- prices-apartments-up Those numbers are based on census data and give a good sense of what renters in the city of Los Angeles are now paying. But what about the prices faced by newcomers to the city and those simply looking for a new place? CoStar provided Curbed with separate estimates based on the prices of LA apartments now listed for rent. According to the firm’s calculations, the cost of a two-bedroom is now $2,126 per month (up from $2,109 at the start of May); for a one-bedroom it’s $1,671 (up from $1,651). Whichever estimate you use, prices appear to be rising—but at a fairly manageable rate. The cost of rent spiked dramatically in the last five years, as the nation’s economy recovered from the Great Recession. In 2018, rents aren’t rising nearly as quickly. According to Apartment List, prices are up just 1.9 percent since last year. That’s below the average increase of 2.2 percent statewide. It’s also less than the minimum 3 percent rent hike permitted each year under the city’s rent control rules. Why are prices starting to plateau? Last month, Richard Green, director of the Lusk Center for Real Estate at USC, speculated that new housing construction has increased the supply of apartments enough to better meet renter demand. KeyWords Tag:Weekly Taipei apartment rental