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Los Angeles Times | Real Estate: Southern California rental market getting more expensive

By Alejandro Lazo. The average L.A. County rent is predicted to soar nearly 10% by the end of 2013. Rising rents could help usher in a housing market recovery if enough renters take the plunge into buying.

April 12, 2012

The average Los Angeles County rent is predicted to soar nearly 10% over the next two years, leading a resurgence of the costly Southland apartment lifestyle...

"For investors, it's a good thing; for renters, it's a bad thing," said Richard Green, a professor and director of the Lusk Center. "Rental affordability is a huge problem in coastal California, in San Diego, Orange and L.A. counties."

For the full article, see the link below:

Link: Los Angeles Times | Real Estate