The city that invested more than a billion dollars in homelessness has failed

According to him, the average price of each house rose by 12% to $ 566,846 in 2021 compared to a year earlier, and according to new estimates, in recent projects the price will reach about $ 877,000.. The report also shows that Los Angeles County has more than 66,000 street dwellers, and the resulting crisis has become one of the key issues ahead of the mayoral election later this year. In response to the report, Los Angeles Mayor Eric Gersty said the bond had increased the number of housing units for street dwellers by 600 percent, to 2,000 a year, and the costs were lower than expected.

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