Thursday, December 10, 2015

OCHN: OC Housing affordable relative to rent, but not relative to income

The cost of owning and the cost of renting in OC housing market is balanced. Unfortunately, neither one is affordable based on local incomes.

I once wrote that Rental parity establishes the value of residential real estate, but others use different metrics to measure value and affordability. If...
OC Housing affordable relative to rent, but not relative to income

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