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Supply And Demand

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NEWS
September 24, 2010
The decision by the Redevelopment Agency to reserve more subsidized housing units for lower-income families was a good, if not obvious, solution to accommodating what has unfortunately become a growing demographic. Segments of the city's stock of affordable housing units are reserved for various levels of income — moderate, low, very low, etc. — but even as demand among low-income applicants grew, officials had their hands tied in adjusting the stocks. So as times got tougher, and families seeking help got poorer, the number of people able to afford even the moderate-income units dropped.
NEWS
December 20, 2000
Several months ago, the leader published letters regarding rent control. I lived under rent control in North Hollywood. My rent increased more under rent control then in areas without it. Prices in Burbank depend on the area, supply and demand, and the management company. However, it is not the rental prices that concern me. I am more concerned about landlord's ethics and being able to evict a good tenant without just cause. Tenants should not be evicted for exercising their tenant and 1st Amendment rights, or for complaining.
NEWS
June 27, 2009
Burbank’s political appetite for all things green is pretty well-established. So when the City Council voted Tuesday to discontinue the BurbankBus’ downtown loop, you know there had to be reason. Alas, ridership on the loop has been abysmal despite a yearlong effort to promote the public transit route. The downtown loop drew some 46,000 fewer passengers than the second-least popular line. Exacerbating the disparity is the relatively high cost of operating the route, which costs $13 more per hour to run than any of the other lines.
NEWS
December 5, 2012
The Nov. 28 letter to the editor by Glen Forsch is a case in point for education on the puppy mill ordinance. His “facts” are simply untrue. He states that an outright ban would do nothing to solve the puppy mill problem, but supply and demand is a basic business principle. Ban stores from stocking mill animals, and fewer mill animals will be produced. His fear that big-box stores will not comply is completely unfounded; the top two big-box stores are already rescue-only. Forsch suggests that proponents of the ban should take the route of anti-smoking campaigns.
NEWS
June 25, 2003
Jackson Bell Supply and demand drives business, so when Laurie Van Atta discovered that Magnolia Boulevard had no coffee shops, she decided to open Simply Coffee & Boutique. "I just couldn't believe that, besides Priscilla's [Gourmet Coffee, Tea & Gifts in Toluca Lake], there weren't any cute coffee houses in Burbank that people could walk to in their neighborhood," she said. After owning and operating a coffee shop in Taos, N.M. for 11 years, Van Atta returned to Southern California to care for her terminally ill father in 1992.
NEWS
By Daniel Siegal, daniel.siegal@latimes.com | March 5, 2013
Home prices held steady in Burbank in January, with median prices rising slightly as buyers continued to jump on the few homes on the market, according to the latest real estate report. The median price for a single-family home rose around 1.3%, from $514,900 in January 2012 to $521,750 this past January, according to statistics compiled by Realtor Eric Benz with Dilbeck Real Estate in Burbank. The median price for a condominium also didn't change much, ticking up about 1.2% to $333,500 in January.
NEWS
By Zain Shauk | January 30, 2010
Area home prices increased for a sixth consecutive month in November, but the upward trend came as uncertainties remain in the market, according to a monthly real estate report released Tuesday. Prices in the Los Angeles metropolitan area, which includes Glendale and Burbank, rose a seasonally adjusted 1% between October and November, according to the Standard & Poor?s/Case-Shiller home price index. That report came a day after the National Assn. of Realtors announced that existing-home sale prices nationwide grew 4.9% between 2008 and 2009, but total sales during that period fell 16.7%.
BUSINESS
By Zain Shauk | May 13, 2009
Home sales are beginning to put the laws of supply and demand at odds with the economic slide, possibly bringing a rebound in prices, Realtors and experts say. The inventory of homes for sale in Burbank and Glendale is growing lean, and competition for the shrinking listings is starting to get fierce, Realtors say. The development should lead to a rebound in prices for some homes, although it is uncertain whether the full market has begun...
NEWS
By Richard Bennett | October 18, 2008
A recent letter (“Time to drill, Congress, drill,” Mailbag, Sept. 24) disagreed with Rep. Adam Schiff regarding his decision to vote against allowing offshore drilling. The objective generally given by proponents of this measure is that it will have an immediate effect on reducing the price of gas. I couldn’t disagree more with that conclusion and would like to present my evidence to show that offshore drilling could not have any impact on the price of gas for more than 20 years, if ever.
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NEWS
September 24, 2010
The decision by the Redevelopment Agency to reserve more subsidized housing units for lower-income families was a good, if not obvious, solution to accommodating what has unfortunately become a growing demographic. Segments of the city's stock of affordable housing units are reserved for various levels of income — moderate, low, very low, etc. — but even as demand among low-income applicants grew, officials had their hands tied in adjusting the stocks. So as times got tougher, and families seeking help got poorer, the number of people able to afford even the moderate-income units dropped.
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NEWS
June 27, 2009
Burbank’s political appetite for all things green is pretty well-established. So when the City Council voted Tuesday to discontinue the BurbankBus’ downtown loop, you know there had to be reason. Alas, ridership on the loop has been abysmal despite a yearlong effort to promote the public transit route. The downtown loop drew some 46,000 fewer passengers than the second-least popular line. Exacerbating the disparity is the relatively high cost of operating the route, which costs $13 more per hour to run than any of the other lines.
NEWS
November 17, 2001
I am writing in response to Wesley Greene's letter ("Landlord/Tenant Board needs teeth," Oct. 13). Thank you, Wesley, for agreeing that the Landlord/Tenant Commission needs more power. I have mentioned that to our City Council on several occasions for the past four years. Unfortunately, the City Council has not and is not listening. Wesley is also correct when he says that landlords dictate rates based on supply and demand. Without rent stabilization laws in place, tenants are at the mercy of their landlords.
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