Thursday, June 26, 2014

Think you're paying too much for housing in the L.A. area? You are.

Today's L.A. Times reports that housing costs are a greater burden here in the L.A. area than in any other metro area.  It's nice to have it confirmed, eh? That's not just for mortgages, it's for rent, too.  And this statistic is from a study was done by Harvard.  The study sites stagnant wages as the primary contributing factor. (photo credit: Patrick T. Fallon/Bloomberg; article by Tim Logan)

1 comment:

  1. I think it's generally known that housing throughout California is expensive. This is a great look at just how much. Thanks for sharing the Times article. This will definitely help my parents decide where they want to live in that area. Thiago |