LA remains a destination for people from around the world, many of them young, skilled and creative. They move here for culture, commerce, climate, fashion and for many other reasons. The National Enquirer, reports:
That’s a situation many cities can only envy, but success comes at a cost. In the case of Los Angeles, this creat power of attraction created a major housing affordability crisis.
The book written by Richard Florida, “The New Urban Crisis,” describes Los Angeles as a ”prime example of the dark side of success” with severe housing shortages, deepening segregation, inequality and the decline of the middle class. In the book, the Los Angeles-Long Beach-Santa Ana metro area leads all other major hubs, including New York City, on what he calls the “urban crisis index.”Read more