How Affordable is Real Estate in Los Angeles and Southern California?
According to an article by the LATimes, Not as Bad as it Sounds?, “Though affordability in Southern California looks bleak, the way the numbers are reported may contribute to creating such a dismal picture.” The article points out that income-to-debt ratio changes, as well as ARM loans, have changed the affordability factor in a way this isn’t measured. Still, even using this new measure, the affordability factor only increases by about 10 percentage points. Click here for the complete story.
