Condo isn't a dirty word

The market's natural ability to adjust itself to meet the needs of supply and demand cannot be overlooked. When the supply of condominiums or market-rate rentals rises, then the demand is satisfied, which results in lower prices.

Such a simple concept is lost in the outcry of those who claim that relocating renters to create a supply of market-rate housing is a life-ending phenomenon. Relocation can be stressful, but a life of paying rent with no expectation of achieving homeownership is ultimately more dangerous.

Homeownership is the American dream. Residents of South Los Angeles deserve options that fall outside of the "affordable housing" bracket of apartments for rent. We should support any plan that gives these residents the chance to own a home and become stakeholders in the community.

The 8th District has one of the lowest rates of homeownership in the city. The City Council should be adopting policies that promote homeownership and support property ownership, not ones that make this American dream unattainable.