Across Southern California, and for that matter much of the country, housing is unaffordable for many, whether someone is trying to buy a house or rent an apartment. Voter concern over the nation's cost of living, including housing, appears to have played a big role in returning Donald Trump to the White House.
Another big component of housing is supply — the lack of which economists tend to single out as the main culprit driving rents and home prices higher. Trump has called for cutting regulations that make it more difficult to build, but many of those rules are the domain of local authorities, giving the federal government limited options to change course, Fairweather said.
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