Los Angeles' housing crisis has been building for long enough that just about anyone who rents an apartment here could have told you about it years ago. But it wasn't until last summer that UCLA released a report confirming what many of us already know: as a function of average rents (high) and average incomes (low, especially compared to those in San Francisco and New York) Los Angeles is the least-affordable rental market in the country.
Circulating around the blogosphere now is a single graph that illustrates why: >>read more
