Downtown Los Angeles hasn't seen this much construction since the 1920s

[bobcat]

Originally Posted by ssiguy

I did not mention Vancouver's situation as a way to hi-jack the thread. My point was simply that LA should learn from Vancouver's mistake. Usually rentals are not an issue as you can't flip them latter.

The vast majority of the DTLA housing market is rental. According to the latest building survey:

https://www.downtownla.com/images/re...ort2016_Q3.pdf

Current Inventory
Market Rate + Affordable Rentals: 31328
Condos: 5636
Total: 36964
Percentage Rentals: 84.8%

Under Construction
Market Rate + Affordable Rentals: 9335
Condos: 2510
Total: 11868
Percentage Rentals: 78.7%


Total When Complete
Market Rate + Affordable Rentals: 40683
Condos: 8149
Total: 48832
Percentage Rentals: 83.3%

[JDRCRASH]

Originally Posted by ChargerCarl

While I'm happy DTLA is booming it's not enough to keep up with demand:

http://www.abundanthousingla.org/201...ousing-growth/

Nope not even close.