COVID-19 and Renter Distress: Evidence from Los Angeles
UCLA Lewis Center for Regional Policy Studies and USC Lusk Center for Real Estate
Coauthored by Michael Manville, Paavo Monkkonen, #UnequalCities Network Steering Committee Member Michael Lens, and Richard K. Green
UCLA Lewis Center for Regional Policy Studies and USC Lusk Center for Real Estate
Coauthored by Michael Manville, Paavo Monkkonen, #UnequalCities Network Steering Committee Member Michael Lens, and Richard K. Green
Abstract: We examine the condition of tenants in Los Angeles during the COVID-19 emergency, using data from the US Census, and in particular an original survey of tenants in 1,000 LA County renter households. Our results reveal distress along multiple dimensions, almost all of them stemming from losses of work and income. These economic losses interact with many renters’ low household incomes and other pre-COVID vulnerabilities to create a host of difficulties, which could compound over time if left unaddressed.
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