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Mortgage Bankers Association Lowers Gov't Spending Forecast

2/19/2019

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economic_forecast_feb_2019.pdf
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Glendale 60-Day Rent Freeze

1/11/2019

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The City of Glendale has imposed a rent freeze which will force 323.APARTMENTS to raise rents, since our average historical rent increases were lower than rent control. This ordinance will adversely impact all 323.APARTMENTS residents who reside in Glendale. Here are the details...

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Wall Street spending millions to beat California rent control

10/21/2018

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New York-based Blackstone has invested millions in California’s elections—and its homes

On Friday, a profile in the Intercept discussed the prominent role of Wall Street investment in the fight over rent control in California, including the part played by the private equity firm Blackstone, which has poured millions into defeating Proposition 10.

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Rent control rejected by Glendale voters

8/21/2018

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Glendale Tenants Union, a radical tenants rights advocacy group, has failed to collect barely less than half of the required signatures to get rent control on the November 2018 ballot. Glendale joins a list of other cities like Pasadena, Long Beach, Inglewood, and Santa Ana which have also failed to garner the required number of signatures to qualify for the November 2018 ballot. Here is a partial list of their onerous demands...

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Eviction on decline, contrary to opinion

8/19/2018

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Evictions in California have been on the decline since 2008, contrary to popular belief. In fact, only 0.1% (calculated as number of evictions divided by population) of tenants are evicted in the Glendale-Burbank area. Glendale and Burbank have among the lowest eviction rates in the United States.
Evictions on Decline
Eviction on Decline
Here is the detailed data...

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Los Angeles rents lower than NY, SF, BOS

5/2/2018

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Maintenance video streaming

4/29/2018

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Today, 323.APARTMENTS launched video streaming as another method to resolve resident maintenance problems in real-time.
323.apartments video streaming
The 323.APARTMENTS video  streaming platform is based on WebRTC /SIP compliant transcoding, which runs within our maintenance request database. Residents do not need any upgrade or app to use the system.

Here is how it works ...

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Los Angeles Rents Lower Than NY DC SF

2/25/2018

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Landlord ranking in LA

2/13/2018

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Annual Rent Survey 2017

1/16/2018

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A survey of U.S. renters reveals a number of key insights into both the typical renter’s current living situation as well as their aspirations and levels of satisfaction on various topics.

One in five people (21% of those surveyed) do not plan to purchase a home in the future. While the vast majority of respondents currently rent their home, only 79% of all respondents want to buy in the future. This is a significant difference from last year’s survey results, where 90% of respondents reported they planned to buy a home in the future, and just 10% did not.

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