Maybe there are limits to the Bay Area housing boom? Gov. Jerry Brown and his wife, Anne Gust Brown, just took a $50,000 loss on the sale of their home in Oakland.
--San Francisco Chronicle
There’s a new dynamic emerging in downtown Los Angeles’ rental market: Some landlords are trying to entice tenants with free rent and parking. In the last 18 months, 3,700 apartments have opened in downtown and 6,260 more are in the works. When the apartments are finished, they’ll represent a 15% boost in downtown housing units. “Landlords don’t have the leeway to push rents as they did in the past,” said Steve Basham, senior market analyst with CoStar Group Inc.
--Los Angeles Times
--San Francisco Chronicle
There’s a new dynamic emerging in downtown Los Angeles’ rental market: Some landlords are trying to entice tenants with free rent and parking. In the last 18 months, 3,700 apartments have opened in downtown and 6,260 more are in the works. When the apartments are finished, they’ll represent a 15% boost in downtown housing units. “Landlords don’t have the leeway to push rents as they did in the past,” said Steve Basham, senior market analyst with CoStar Group Inc.
--Los Angeles Times