In 74% of US counties, the average worker can't afford the median home. It's getting worse: Six months ago, it was 71% of counties. The results come from Attom's new survey of house prices. Read the rest
LA has the nation's worst homelessness problem, a (literal) epidemic so terrible it distorts the national statistics. Read the rest
California is one of the hot-zones in the world's urban housing crisis, driven by a combination of opposition to highrise/high-density living and the mass purchase of foreclosed properties following the 2008 crisis by giant Wall Street landlords who have steadily ratcheted up rents and evictions in a big to safeguard the flow of payments to bondholders who get a share of the rents extracted from struggling tenants living in dangerous, substanding housing. Read the rest
