Apartment Refugees Stranded in a Sea of High Rents
Inland Valley Daily Bulletin › May 27, 2007
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Summary
A few weeks ago, Gary Watts was paying $968 a month for a two- bedroom, two-bath apartment in Studio City. Now, he's handing over more than $100 a day for his family to stay at the local Days Inn until he can find another apartment.
Watts is one of hundreds of condo conversion refugees.See the full content of this document
Extract
Apartment Refugees Stranded in a Sea of High Rents
His story is being played out throughout the San Fernando Valley and other parts of Los Angeles, where apartment complex owners continue selling their property to developers who see juicy returns on condo sales.
Long searchTenants in buildings protected by some type of rent control - which only a...See the full content of this document
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