Making rent just got harder



By Priyanka Deo | Neon Tommy Staff Reporter

Experts David Kim (center) and Dwight Jaffee (right) debate on housing with Richard Green moderating | Priyanka Deo/NeonTommy

Experts David Kim (center) and Dwight Jaffee (right) debate on housing with Richard Green moderating | Priyanka Deo/NeonTommy

Already finding rent expensive? Bad news: Rates are expected to keep increasing.  

Tenants already pay high rents in Los Angeles and have trouble finding affordable housing. In fact, a University of California Los Angeles  study marked our city as the nation’s most unaffordable rental market in 2014. The same study discovered that on average, renters spend just about half of their annual income on rent, when 30 percent is deemed prudent. [Read more…]