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)