Curbed: LA is the nation’s most unaffordable housing market—and prices will keep rising

Curbed: LA is the nation’s most unaffordable housing market—and prices will keep rising
June 20, 2017 Peter

Home prices in Los Angeles have never been higher, and rents are increasingly unaffordable for many residents. Sadly, a new report from the UCLA Anderson School of Management predicts the situation is unlikely to change in the near future. The report finds that three of the six most unaffordable cities for homebuyers nationwide are in Southern California and that Los Angeles is the single most unaffordable city for both renters and buyers. Though the cost of housing is higher in other cities, median income in LA is low enough that more residents will struggle to make monthly rental payments or save to buy a home.

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