Is LA Losing its Opportunities?

Los Angeles – the second most populous US city and the center of film and TV industry – has historically provided substantial opportunity for its inhabitants. But the concern now is a “dampening” of that promise due to increasing costs in housing. 

In this video we learn about research from the McKinsey Global Institute which estimates that approximately one million LA city homes are no longer able to afford a standard sized market rate unit in their current neighborhood without a financial stretch. That number rises to two million throughout LA county.