Southern California has 8 of the least-affordable US cities for homebuyers

Los Angeles was No. 1 for unaffordability, with a theoretical buyer spending 99% of their income.

which estimates how much of a household’s median income would be gobbled up by a mortgage payment for a median-priced home listed in May. The math assumes a 7.13% mortgage rate, a 20% downpayment, and property taxes.Los Angeles was No. 1 for its lack of affordability, with a theoretical buyer spending 99% of their income – yes, basically all of it – on the estimated $6,512 house payment. That buys you a $1.1 million house and eats up almost all of the $78,671 in citywide pay.

No. 3 was Irvine with an 85% slice of pay for a $8,982 payment on a $1.48 million house compared with a $126,861 income.No. 14 Chula Vista:Housing |North Hollywood baseball ends decades-long L.A.

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