Los Angeles has the most unaffordable housing in America, with a typical monthly mortgage payment of $5,932 and an annual income requirement of $237,281 for a median-priced home.
California's policy discouraging single-family home construction, particularly due to SB 743, restricts building in more affordable outlying areas, driving up housing costs in Los Angeles.
#unaffordable-housing #california-housing-policy #impact-of-legislation #housing-affordability #homeownership-challenges
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