Visitors arrive for the March grand opening of Gibson Santa Monica, a new luxury apartment building in downtown Santa Monica. The average rent for new multifamily units is much higher than for existing apartments, out of reach for many Americans.
Visitors arrive for the March grand opening of Gibson Santa Monica, a new luxury apartment building in downtown Santa Monica. The average rent for new multifamily units is much higher than for existing apartments, out of reach for many Americans. Richard Vogel Associated Press file
Visitors arrive for the March grand opening of Gibson Santa Monica, a new luxury apartment building in downtown Santa Monica. The average rent for new multifamily units is much higher than for existing apartments, out of reach for many Americans. Richard Vogel Associated Press file
Foon Rhee

Foon Rhee

Associate editor, editorial writer and Viewpoints editor

The Numbers Crunch: High-rent new apartments price out middle class

December 18, 2015 6:00 AM

Comments

About This Blog


Foon Rhee, an associate editor, joined the The Sacramento Bee’s editorial board in February 2010 after reporting and editing for newspapers in Massachusetts and North Carolina and keeping his opinions to himself. He graduated from Duke and went to graduate school during a fellowship at the University of Hawaii. Foon Rhee can be reached at frhee@sacbee.com or 916-321-1913. Twitter: @foonrhee.