California’s housing shortage has companies carving up apartments to lower the rent

  • 📰 latimes
  • ⏱ Reading Time:
  • 1 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 4%
  • Publisher: 82%

Business News News

Business Business Latest News,Business Business Headlines

Some companies are selling dividing walls or curtains to create new bedrooms. Others are filling rooms with bunk beds. And some — armed with Silicon Valley backing and a brand of “co-living” — are offering a variety of sleeping situations and services

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

KTLA Bull!!!! ive driven thru downtown 6x a week at difderwnt times and also other surrounding cities and places are vacant because its too dann expensive that the population of homeless increase!

KTLA It’s called supply and demand. If people refused cohabitation in order to pay high rents, landlords would have to lower their rent demands to fill vacancies.

KTLA This type of life for the youth will end up being very dangerous for them. It will cause deep depression & even more suicide's. It will be very hard for them to except a tiny box that cost them $2,500 a month or else 5 people living under one roof without any privacy. Very sad!

Why do our politicians want us to let in the 20k ppl at the border if we dont have housing for the ppl already here?

KTLA And you dumb Californians want to welcome more poor people, from other countries, to the state. Lack of resources, higher taxes, increasing rent prices, overcrowded schools, more traffic etc. Think people!

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 11. in BUSİNESS

Business Business Latest News, Business Business Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Payments company Square drops 10 percent amid a broader sell-off in once-loved technology stocksShares of payments company Square dropped  as much as 10 percent Monday as the rest of tech stocks struggled to find footing. IamNomad soon *sheds tear* it was a good ride...
Source: CNBC - 🏆 12. / 72 Read more »

Should you stay calm amid stock market volatility? That all depends on your ageAs the longest bull market in history wanes, it can be helpful to turn your attention to your own timeline. Become a 'Minute Trader', like I've become. Till this mess is over with, I'm just playing glorified video games. Get out.
Source: CNBC - 🏆 12. / 72 Read more »