It is shaping up to be a long, hot summer for San Mateo renters as monthly fees due to landlords ticked up by nearly 4 percent in last year, continuing a steady incline for the past six months, according to a recent report.
The report from ApartmentList.com showed the median rent for a one-bedroom unit is $3,450 and a two-bedroom unit is $4,330, while the hikes follow a trend consistent throughout the region.
The march toward high rents in Los Angeles appears not to be letting up. Rents for Angelenos have risen 5 percent since last June, according to a report released Monday by an apartment listings company.
Apartment List’s latest data also shows that rents grew by half a percent over just the past month.
The median monthly rent for a two-bedroom in Los Angeles is $1,720, more than the national average, which is $1,150, the report shows.
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If you’re a renter in California concerned about the high cost of living here, or looking to purchase your first home, your prospects aren’t looking up.
Projections show rents will continue to surge, especially for low- and middle-income people in places like San Francisco, Los Angeles and Sacramento, and home prices will become increasingly expensive, according to an economic analysis in the Anderson Forecast from the University of California, Los Angeles, released this month.
A bill that would end a tax subsidy for vacation homes and use the new funding to pay for affordable housing could have implications on pending projects in Merced and Stanislaus counties, advocates said on Thursday.
Authored by Assemblyman David Chiu, D-San Francisco, Assembly Bill 71 goes before the state Assembly Appropriations Committee on Friday, according to records.
There is a spike in the price of rental properties in Tracy that is making it difficult to live here unless your job is in the Bay Area.
Late last year the city commissioned a survey of Tracy residents and when the results were reveled in March, the cost to live in town was a big concern for the roughly 1,500 people who responded. Only 40 percent of people felt good about the cost of living in Tracy and only 34 percent expressed a positive view of the amount of affordable quality housing in town.
I helped ex bro in law who was behind on rent on mobile home space total 1200 I moved in shortly after and paid 400 full rent of April. I had half mobile home. I also did work on his car and paid for arts totaling 250 not labor. Still owed. On may 1 I told him I only had 200 next day I left to class came hone I was locked out. I called him said I would have the remainder of 100 plus a latefee if 40. I gave it to him went inside next day again left to class and licked out this time he won't respond to my calls.
Renters are starting to look for cheaper housing options outside downtown cores, prompting rent payments to rise faster in the suburbs than in urban areas, according to a new Zillow® report out Friday. For the first time in four years, suburban rents are rising faster than urban rents.
"They are already making a huge profit. They bought these homes for pennies. They have already taken the money out of East Palo Alto. The rent is already $2,800. I'm a homeowner. That's more than my mortgage," he said.
The protesters said they have no grudge against mom-and-pop landlords with one or two properties; it's the corporate investors who snatch up large numbers of properties with whom they take umbrage.
The last time the Los Angeles County Board of Supervisors passed a rent-control ordinance was at the close of the Jimmy Carter administration in 1979. It lasted five years, and by the end of Ronald Reagan’s first term, in 1984, the County abolished rent control.
Within the Kenneth Hahn Hall of Administration, rent control hasn’t been heard from since — not until last week, that is, when Supervisors Hilda Solís and Sheila Kuehl introduced a motion clearing the way for new protections for tenants in gentrifying areas of unincorporated East L.A.