Los Angeles has experienced significant suburban sprawl as home prices soar while wages stagnate, leading many to rent instead of own. A recent rezoning plan aims to build 255,000 homes with developments focused on commercial corridors and dense residential areas. Though future predictions are uncertain, by 2050, L.A.'s housing situation could be shaped by two opposing ideologies: one favoring corporate landlords increasing rental properties, and the other aspiring for ownership among working-class individuals with a focus on community co-ownership and denser living environments.
The Los Angeles City Council has given final approval to a sweeping rezoning plan to meet state-mandated housing goals, clearing the path for an additional 255,000 homes to be built.
Some observers believe that by 2050, the fate of L.A.'s housing stock will be decided by one of two competing ideologies: corporate landlords and investment firms, or a coalition of policymakers, nonprofits, and aspiring homeowners.
The first ideology, associated with corporate landlords, suggests that by 2050, home prices will keep rising, and L.A.'s percentage of renters will grow, exacerbating income inequality.
The second vision promotes denser neighborhoods, smaller homes, modular or 3-D-printed properties, and homes co-owned by friend groups rather than just families.
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