fromThe Mercury News
2 days agoHuge housing costs are stressing out California
Last year, California had 2.8 million households in all kinds of living arrangements where housing expenses exceeded 50% of their income. That's the largest burdened flock among the states and 14% of the 19.4 million nationwide. California's economic rivals ranked next: Texas and Florida, at 1.7 million. Such cash-strapped households equal 20% of all Californians, the biggest share nationally and well above the 15% U.S. share. Texas was No. 12 at 15% and Florida was No. 3 at 18%.
Real estate