The issue of Urban Renewal is spoken through a megaphone nowadays in Los Angeles and the commoner can be seen fleeing their once financially reasonable homes.

From LA’s most notable homeless burrow, Skid Row, to neighborhoods surrounding Dodger Stadium in Echo Park, individuals and families are facing an increased fiscal burden that is leading many to basically evacuate the city.

Call it a “wife swap” on a grandiose stage, the rich outlying suburbanites are funneling into the poor man’s home and pouncing on their prized possession – their home.

According to the LA Times today, “tenants have some protection under the city’s Rent Stabilization Ordinance, which limits annual rent increases to about 3% as long as the same tenants are in the unit. But it applies only to housing built before the law took effect in 1979 and thus covers an ever-shrinking share of the city’s housing stock.”

http://www.latimes.com/la-me-apartment24oct24,0,4057227.story?track=mostviewed-storylevel