Bianca Barragan
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Are luxury apartments sitting empty in LA?

Are luxury apartments sitting empty in LA?

In late November, a group of Angelenos took to Downtown streets on a multi-stop tour to protest new high-end apartment buildings.“Shame!’ they yelled in front of the and , where prices for one-bedroom apartments start at $2,700.The march took place on the heels of a report that claimed a number of residential buildings in Downtown LA were largely vacant. “This is what speculation looks like in practice: empty luxury towers while thousands live in desperate poverty on the streets below,” the authors of the report .There’s truth to that statement: Thousands of housing units in Los Angeles are...

March 5, 2020
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