Rapidly Rising Rents

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As if Los Angeles weren’t already an expensive place to live, apartment rents are continuing to shoot up, according to a third-quarter report by Marcus & Millichap, Curbed Los Angeles reports in a story with a headline kicker that reads “Rentally Deranged.” Rents are up 7.8 percent citywide over the past 12 months to an average of $1,873 a month with predictions they will increase 4.8 percent, “more than doubling the rate of inflation,” over the year.

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