A landlord even weighs in at LA VOICE to note the following:
As the manager of a 4-unit apartment building in North Hollywood, I have seen anxious applicants when I have the occasional vacancy and post a sign indicating that the apartments are $600/month.— TJ Sullivan in LA
They are small and simple, with window AC, no on-site laundry, one off-street parking place -- just a place to hang your hat. However they are not slums -- my family has owned them since the mid 1970s, and we have had some tenants stay for over a quarter of a century. Apartment rental is an intersection of business and peoples' private lives -- but I think some landlords think of it as pure business, and they are in business to make money. The speculation in LA is alarming, however; there is a great deal of development,and I wonder when the population density will reach some sort of critical mass when the environment won't be able to support the inhabitants
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