Quote:
Originally Posted by Wilcal
Multik,
you couldn't be more right. Also, do not forget to mention that the continuation of a chronic housing shortage will also create a devastating economic toll. And without a viable economy, all the urban, architectural and design interests of the forumers (however meaningful) will be moot.
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I would also add that it seems the housing crisis is more importantly one of
affordability. However exciting it is to watch all the new housing projects going up around DTLA, there is a finite supply of renters able and willing to pay $4+/s.f. Although there are many variables around the economy, construction completion dates and new projects breaking ground, I would expect to see a significant increase in vacancy rates and downward pressure on rental rates for the foreseeable future.