Rent costs in Los Angeles, Orange counties rising at fastest pace in 11 years
CPI data shows L.A.-O.C. rents up at a 5.5 percent annual pace in February — biggest jump since January 2008.This would be California, SoCal no less, where the LA Mayor is tackling the homeless problem. We he just got a whole lot more homeless.
Taxes are up, and a prop 13 revision is soon to be voted and the LA teachers strike is not yet paid for. Balance sheets reflect the implied costs sooner than politicians can deliver bad policies.
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