July 27, 2021 Breaking News, Latest News, and Videos

Five Percent Rent Hike Could Push Thousands More into Homelessness

A 5 percent rent hike in Los Angeles County would push 2,000 more residents into homelessness, according to a study of the effect of rising housing costs.

The study was conducted by the real estate firm Zillow using census figures and homeless counts for the 25 largest U.S. metropolitan areas. the Los Angeles Times reported.

Research has shown that rising rents drive up homeless rates, particularly in cities with severe housing shortages such as Los Angeles, according to The Times. Zillow said it applied its own rental rate data to the established formula reflecting the connection to come up with new estimates.

The study, citing research that shows weaknesses in street and shelter counts, also said that L.A. County’s homeless population was more than 61,000 in January, compared with the 58,000 reported by local officials after the annual count held that month, The Times reported.

Lending urgency to its findings, Zillow has forecast a 4.5 percent rent increase in Los Angeles for the coming year, according to The Times.

Dennis P. Culhane, a professor and homelessness researcher at the University of Pennsylvania, told The Times the company’s rental data was better than that used in earlier analyses of rent hikes’ effect on homelessness.

“I thought it was an excellent study,” said Culhane, who reviewed the Zillow report. “Few people have access to rental market data like Zillow.”

Related Posts

Two Arrested for Main Street Bike Shop Burglary

July 23, 2021

July 23, 2021

Two suspects were arrested for the burglary of a Main Street bike store after the owner witnessed the crime via...

Council Selects Berkeley Deputy City Manager to Helm Santa Monica

July 23, 2021

July 23, 2021

David White to be Santa Monica’s next City Manager starting in October  By Sam Catanzaro Santa Monica City Council has...

Ocean Park Library Set to Reopen

July 20, 2021

July 20, 2021

New self-service hours begin July 28 By Sam Catanzaro The Santa Monica Public Library’s Ocean Park Branch is set to...

Police Tase Suspect Following Santa Monica Beach Stabbing

July 19, 2021

July 19, 2021

32-year-old man arrested Sunday evening on Santa Monica Beach, suffers head injuries in arrest By Sam Catanzaro As part of...

Santa Monica Beat: Santa Monica Beat – July 19, 2021

July 19, 2021

July 19, 2021

Local news and culture in under 5 minutes. * Serial Killer Arrested by SMPD Sentenced to Death * New Grants...

Santa Monica May Ban Lobbyists From Serving on Boards and Commissions

July 19, 2021

July 19, 2021

City Council instructs staff to draft ordinance to bar paid policy advocates from serving on board, commissions, task forces   By...

Water Near Santa Monica Pier Remains Questionable as Beach Closures Lifted Following Sewage Discharge

July 15, 2021

July 15, 2021

17 million gallons of raw sewage discharged from Hyperion Water Reclamation Plant Sunday Night By Sam Catanzaro Beach closures have...

Edify TV: Local Cafe Supporting Foster Youths

July 14, 2021

July 14, 2021

La La Land Kind Cafe recently opened its first California location in Santa Monica, delivering not only unique coffee and...

Santa Monica Experiencing 9-1-1 Call Outage

July 13, 2021

July 13, 2021

Update: As of 3 p.m., 9-1-1 phone service in Santa Monica has been fully restored. Please call or text 9-1-1...

Santa Monica Settles Consumer Protection Lawsuit With Match.com: Santa Monica Beat – July 12, 2021

July 12, 2021

July 12, 2021

Local news and culture in under 5 minutes. * Santa Monica Settles Consumer Protection Lawsuit With Match.com* SMPD and Services...

17 Million Gallons of Raw Sewage Spills Into Santa Monica Bay

July 12, 2021

July 12, 2021

Sunday night spillage occurs 1-mile offshore from Hyperion Water Reclamation Plant By Sam Catanzaro 17 million gallons of raw sewage...

Santa Monica Settles Consumer Protection Lawsuit With Match.com

July 12, 2021

July 12, 2021

Santa Monica among handful of California cities included in lawsuit By Chad Winthrop Santa Monica and a handful of California...

New Plans For Offices Near Santa Monica’s Memorial Park Revealed

July 12, 2021

July 12, 2021

Designs call for nearly 40,000 square feet of office space By Toi Creel Santa Monica is getting a new look...