Forget about San Francisco being the hardest place to rent in California. According to a story in the New York Times (citing zillow.com), Angelenos spend 47 percent of their income on the median rent. That’s the highest in the country, and significantly higher than San Francisco, which ranks sixth on the list at 40.7 percent. And the problem appears ready to get worse as new supply struggles to keep up with demand in the overcrowded city. Maybe we’ll all have to move to Bakersfield.
The Los Angeles skyline. (Mulling it Over / Flickr)