While much of Los Angeles‘ affordability crisis tends to be focused on renters struggling to make ends meet, those who own their homes are also feeling the effects of rising costs and stagnant incomes.
In a new study published by Consumer Affairs, analysts found that L.A. homeowners are among the most “house poor” in the nation, landing at No. 4 among major cities.
House poor is a finance term used to describe someone who spends a disproportionate amount of their income on housing costs with little left over for other expenses…