32-year-old Jonathan Ochart moved to LA in 2023, found homeownership unaffordable, and chose to rent due to high housing costs.

Jonathan Ochart, 32, moved to Los Angeles in 2023 for his PR business but found homeownership unaffordable, with modest condos priced around $1 million. Instead, he chose to rent a one-bedroom in Beverly Hills for $2,100 a month. His experience reflects a broader trend among young professionals in major cities, who face high housing costs, making renting more feasible than buying, particularly without financial assistance.

September 27, 2024
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