Los Angeles County has one of the tightest housing markets in the country, and by some measures, the most inequitable. Economic growth and better urban infrastructure has made Los Angeles an attractive destination for job-seekers and immigrants, as well as wealthy foreign investors and traders looking for a stable place to re-invest American currency. But this increase in housing demand has not been matched by a commensurate increase in supply. As a result, prices have soared. Fully one-third of Angelenos fork over half their income for housing, as do more than 50 percent of the poorest among us.
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