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July 2019 – Culver City’s Housing Challenges

By Leonardo Wilborn, via AAGLA

Culver City is the “new ground zero for multimedia and digital production” states economist and researcher, Christopher Thornberg, the founding partner of Beacon Economics. To understand why the cost of housing in Culver City is so high, Mr. Thornberg’s response is quite simple: “…there is limited supply and people bidding to the highest price to get a unit.”…More housing production is the solution for Culver City and the entire state of California for that matter. As the labor market continues to expand in terms of number of positions hired, and the hourly rates of those working keep going up, there will naturally be more individuals who can afford housing, even as… Read More