Los Angeles has some of the most expensive housing in the United States. The median price of a new home in the city is more than nine times median household income. That makes L.A. one of the 10 least affordable markets for homeowners in the world, let alone the nation. Renters are no better off. In 2015, the average rent in L.A. was $1,390 a unit, more than twice the national average. Continue reading.
