LOS ANGELES—“The mixed-income model is one that really works,” Daryl J. Carter, founder, chairman and executive officer at Avanath Capital Management LLC, said on a panel discussing multifamily and affordability issues at the University of Southern California’s Casden Real Estate Economics Multifamily Forecast. The panel, moderated by Gary D. Painter, professor at USC Price School of Public Policy, included Raphael W. Bostic, director of USC Bedrosian Center on Governance, and William A. Witte, chairman and CEO of Related California.

Listing statistics related to the issue, Carter explained that a recent evaluation done by the National Multifamily Counsel showed that the medium income of the average renter is $36,000, and Bostic revealed that there are 11 million people only one paycheck away from homelessness. “The trend is moving in the wrong direction,” said Bostic. “We are living in an economy where there are two economies, with fewer and fewer folks in the middle.”

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