It's probably one of the biggest cultural shocks for people relocating to Los Angeles for the very first time: the high cost of living, specifically renting. While most natives don't bat a single eyelash at $1200 studio apartments or $2500 two-bedrooms, the recently arrived are dumbfounded by exorbitant rates for totally mundane, even run-down apartments (Westwood Village, anyone?).
Continue reading "Signs of the Apocalypse, Part XXII: L.A. Rents Decreasing?"
