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LA Times Today: A controversial home-ownership model is gaining steam again in L.A. — with a twist

LA Times Today: A controversial home-ownership model is gaining steam again in L.A. — with a twist

Watch L.A. Times Today at 7 p.m. on Spectrum News 1 on Channel 1 or live stream on the Spectrum News App. Palos Verdes Peninsula and Orange County viewers can watch on Cox Systems on channel 99.

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Southern California home prices hit record highs at the end of the year. The median sale price reached nearly 700-thousand dollars, jumping more than 16 percent from the year prior. In L.A. County, the price tag is about 100-thousand dollars higher.

But one L.A. developer says a new trend could help lead more people to home ownership. Andrew Khouri explains.

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