LA-OC home prices 10 times greater than incomes, report finds
www.ocregister.com
An Orange County homebuyer with a 3.5% down payment would have to earn just over $420,000 a year to afford payments for a median priced home.

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An Orange County homebuyer with a 3.5% down payment would have to earn just over $420,000 a year to afford payments for a median priced home.

  • ms.laneEnglish
    10•5 months ago

    Only 10 times higher?

    Come to Adelaide, South Australia, where it’s ~15x the median wage!

    For the working class it’s closer to 20-25x higher…