L.A.'s crisis: High rents, low pay, and $2k doesn't buy much
This is also really a zoning story. L.A. used to be zoned for 10 million people in the late 60s and decreased that tremendously in the early 70s: <a href="https:&#x2F;&#x2F;la.curbed.com&#x2F;2015&#x2F;4&#x2F;8&#x2F;9972362&#x2F;everything-wrong-with-los-angeles-housing-in-one-graph" rel="nofollow">https:&#x2F;&#x2F;la.curbed.com&#x2F;2015&#x2F;4&#x2F;8&#x2F;9972362&#x2F;everything-wrong-with...</a>.<p>Today we have improved technology along almost every dimension yet the city is zoned for less than half as many people.<p>We are paying zoning&#x27;s steep price: <a href="https:&#x2F;&#x2F;object.cato.org&#x2F;sites&#x2F;cato.org&#x2F;files&#x2F;serials&#x2F;files&#x2F;regulation&#x2F;2002&#x2F;10&#x2F;v25n3-7.pdf" rel="nofollow">https:&#x2F;&#x2F;object.cato.org&#x2F;sites&#x2F;cato.org&#x2F;files&#x2F;serials&#x2F;files&#x2F;r...</a> (that&#x27;s a link to a PDF).