Around the world Quote by Eric Garcetti
“The cost of housing in L.A. has increased dramatically because more people want to live here. They come to Los Angeles every day, not just from around the United States but from around the world.”
About This Quote
Source Speech: City Council Address, 2022
Attributes rising housing costs to high demand from global and domestic migration to LA.
In simple terms: More people moving to LA drives up housing prices.
Address supply and demand.
Themes
Mood
Type
When to use this quote
- real estate market
- city planning
- affordability initiatives
Key Concepts
Questions to Reflect On
- How can policy increase housing supply?
- What incentives attract diverse residents?
Supply constraints and zoning limit affordable options.