There are more renters in Los Angeles than homeowners and, since the Great Recession, rents are 6% higher than they were before. That's made for a lot of frustration. We hear about institutional investors buying foreclosed properties and turning them in to rentals. We also check out the hot spots and the neighborhoods that are more affordable.
Why Is the Rent So Damn High?
Pauline O'Connor - LA Curbed - @CurbedLA, Mark Alston - real estate broker, Jon Regardie - contributor to LA Magazine, former executive editor of the Los Angeles Downtown News - @DowntownNews, Beverly Kenworthy - California Apartment Association - @caanet