Quote:
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.
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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%