Thursday, August 30, 2007

California - housing afforability index

Here is a chart, published in a press release from the California Building Industry Association. All those declining lines on the chart represent housing affordability. This is defined as the percentage of homes that are affordable to families earning the median income. The basic point is clear enough. If you live in LA, San Bernadino or San Diego and earn the median income, then there you can afford literally nothing.

Thanks to the South Beach housing blog for the link.

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