As discussed previously on the program, California still has a housing shortage and it's not getting any better. Today, we’re taking a closer look at apartment construction in Los Angeles, which is petering out. Developers say it’s too hard to turn a profit and many are looking elsewhere, out of state, for their next project. What’s behind the financial challenge? Funding, tariffs, and regulations for starters. Would-be investors aren’t backing the projects they used to, leading to a dip in construction despite a consistently high demand for housing. Joining us today on AirTalk to discuss is Richard Green, director and chair of the USC Lusk Center for Real Estate.
