Why Housing is the Biggest Driver for Economic Growth #Shorts
Channel: Startup to Storefront
Date: 2021-12-27

The biggest driver for economic growth isn't industry or employment, but rather housing.  Urbanization is the biggest driver for economic growth.  However, this puts Los Angeles in a tricky situation as they suffer from a housing crisis.  According to NBC, as of August 2021, LA has recorded an 11.3% price increase compared to the previous year.  LA is facing a housing crisis, and ultimately, it's limiting the state's economic growth.   

#losangeles #homeless #homelessness #skidrow #LA #nonprofit #economicgrowth #development #urbandevelopment #housing #housingmarket #urbanization #short

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