Robert Corlette pays about $1,700 a month for a two-bedroom town house in… (Glenn Koenig, Los Angeles…)
A nation still struggling to clear up one housing debacle has run smack into another — soaring rents.
The foreclosure mess has pushed millions of former homeowners with tarnished credit into a competitive apartment market across the U.S. Add fresh demand from young workers, few new units and tight standards for home loans, and the result is rental sticker shock not seen in years.
Rest of the story at LA Times.
Valerie Fitzgerald specializes in luxury residential real estate in Beverly Hills, Bel Air, Brentwood, Santa Monica and Malibu. Valerie has more than 20 years experience and is known for her solid reputation in the Westside Los Angeles real estate community. She’s starring in HGTV’s new show Selling LA and is also the author of the book published by Simon and Schuster Heart and Sold: How to Survive and Thrive in Real Estate.