The middle class is being thinned out in the San Fernando Valley (Credit: iStock) The San Fernando Valley economy is booming. But high housing costs is contributing to the exodus of an increasing number of working-age adults, shrinking the region’s middle class and putting pressure on companies in the area. The lack of workplace housing […]
This state poised to be first to impose sweeping rent control
Governor Kate Brown and Portland (Credit: Getty Images and Unsplash) Oregon is poised to become the first state to implement statewide rent control. Lawmakers passed a measure that would impose limits across the state on how much landlords can raise rents, the New York Times reported. The legislation would limit increases to 7 percent annually […]