Los Angeles Mayor Eric Garcetti Blames Housing Costs For Mass Migration

Mayor Garcetti blamed high housing costs in Los Angeles for the mass amounts of residents moving out of the city.

QUICK FACTS:

• LA Mayor Garcetti said the surge in housing costs was to blame for the mass exodus out of the city, despite the recent dramatic increase in local crime rates.
• “You don’t have to be an indigent, you don’t have to be homeless to feel that it costs a lot,” Garcetti told reporters. “If you ask me the question, what are the top three issues facing Los Angeles or California, I’d say in this order: housing, housing, and housing.”
• Los Angeles County lost 160,000 residents between July 1, 2020, and July 1, 2021, Newsmax reported.
• According to this report by the U.S. Census, this is the most dramatic population decline in the entire nation.

Los Angeles Mayor Eric Garcetti blames high housing costs for the surge of people moving out of the second-largest U.S. city https://t.co/qIqcnQEboZ via @markets @brianreports @johngitt

— Robert Jameson (@rhjameson) March 28, 2022

GARCETTI ON WHY SO MANY RESIDENTS ARE LEAVING LOS ANGELES:

“Part of the problem in LA is too many people want to be here.”

BACKGROUND:

• The amount of homeless in the city of LA has almost doubled since 2013, now home to nearly 41,000 people living on the streets.
• Los Angeles also reported 397 homicides in 2021, more than a 50% increase from 2019.
• According to Newsmax, since Garcetti was elected in 2013, median single-family home prices have increased by 84%.