We did it LA! We are now officially the least accessible housing market in the United States 🏆

Source: https://nationalmortgageprofessional.com/news/new-data-highlights-americas-least-accessible-housing-markets

We did it LA. We’re officially the least accessible housing market in America.

New data just dropped showing LA has taken the top spot. Typical home value is sitting around $936k while the median income is $82k. At that ratio, it would take the “typical” household over 37 years just to save a down payment. Thirty. Seven. Years.

At this point it honestly feels like the only realistic path for most of Gen Z (and probably the generation after them) is inheriting a house, not buying one. The math just doesn’t pencil out anymore and it’s only getting worse.