”Survey says” looks at various rankings and scorecards judging geographic locations while noting these grades are best seen as a mix of artful interpretation and data.Almost half of Los Angeles homeowners with mortgages are financially stressed by housing costs, by one measurement., focusing on 16 large Southern California cities among 170 large U.S. markets studied.
That burden was the second-highest of the 170 U.S. markets, wedged between No. 1 Hialeah, Florida, and No. 3 New York City. Nationwide, only 27% of U.S. mortgage households face the same financial burden. And statewide, it’s 37%.So, why does Los Angeles have a home affordability headache roughly twice that of the national norm?Census tallies individual financial stress through its surveying of U.S. households. But broad measures of income and housing costs give solid hints at the scale of the monetary squeeze.
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