Rent in this LA County city went up nearly 40% over the last year, with an average rent higher than Los Angeles and New York City.
There’s no question that Glendale has seen a boom of luxury high rises, which has made the city more expensive, but Mayor Ardashes Kassakhian says the report only takes into account listings on the Rent.com website.
"If you look at other rental sites, the average rent is closer to $3000," Kassakhian said, quickly adding that the city does have great schools, is centrally located and is considered very safe which has made it very desirable in the last few years. Author of "The Affordable City: Strategies for Putting Housing Within Reach ", joined us to discuss the possibility of inflation laws raising rent in your area.
She says that's the case not only in Glendale but in many other cities in California. Offering relocation assistance to tenants when their rent goes up 7%, as Glendale does, is not enough, she said, adding, "Where else can people move?" Glendale has been building low-income housing for small families and seniors, one of the city's most vulnerable populations, with 500 units supposed to come on line in the next three years.
"We are doing what we can" Kassakhian said, but even he admits that the cost of living has exploded, and rents are just one part of that equation. that I have read and agree
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