You have some of most inept local politicians you can imagine, who are more focused on taking glamor shots in front of half a million dollar per unit homeless shelters.
If it's really costing half a million dollars to house a single homeless family, why not just give them $5,000 to move?
Even for someone like myself, and I do consider myself to be somewhat upper middle class, LA is a bad deal. Deal. The bare minimum to afford a place to live plus transportation ends up being around 3,200 per month. That's about $2400 for a 1 bdrm + 800$ for a car payment / insurance/ gas.
Compared to Chicago where a 1bdrm in a fantastic metro accessible area can be had for 1300$ or so. 100$ metro pass gets you around.
LA and much of California is past saving, get out while you still can.