{"id":5216,"date":"2026-04-15T03:21:29","date_gmt":"2026-04-15T03:21:29","guid":{"rendered":"https:\/\/8657085.xyz\/?p=5216"},"modified":"2026-04-15T03:21:29","modified_gmt":"2026-04-15T03:21:29","slug":"angelenos-dream-of-buying-a-home-crushed-as-new-report-reveals-unfathomable-numbers","status":"publish","type":"post","link":"https:\/\/8657085.xyz\/?p=5216","title":{"rendered":"Angelenos&#8217; dream of buying a home crushed as new report reveals unfathomable numbers"},"content":{"rendered":"<p> <div style=\"display: grid; grid-template-columns: 300px 160px; gap: 2px; width: 460px; background: #eee; padding: 2px;\">\r\n\r\n  <!-- \u6574\u884c\u5bbd\u5e7f\u544a -->\r\n  <div style=\"grid-column: 1\/-1; width: 460px; height: 250px; background: #ccc; display: grid; place-items: center;\">\r\n  <script async type=\"application\/javascript\" src=\"https:\/\/a.magsrv.com\/ad-provider.js\"><\/script> \r\n <ins class=\"eas6a97888e2\" data-zoneid=\"5876674\"><\/ins> \r\n <script>(AdProvider = window.AdProvider || []).push({\"serve\": {}});<\/script>\r\n  <\/div>\r\n  <div style=\"grid-column: 1\/-1; width: 460px; height: 90px; background: #ccc; display: grid; place-items: center;\">\r\n  <script async type=\"application\/javascript\" src=\"https:\/\/a.magsrv.com\/ad-provider.js\"><\/script> \r\n <ins class=\"eas6a97888e2\" data-zoneid=\"5876676\"><\/ins> \r\n <script>(AdProvider = window.AdProvider || []).push({\"serve\": {}});<\/script>\r\n  <\/div>\r\n\r\n  <!-- \u5de6\u4fa7\u7ad6\u6392 -->\r\n  <div style=\"height: 250px; background: #ccc; display: grid; place-items: center;\">\r\n  <script async type=\"application\/javascript\" src=\"https:\/\/a.magsrv.com\/ad-provider.js\"><\/script> \r\n <ins class=\"eas6a97888e2\" data-zoneid=\"5876672\"><\/ins> \r\n <script>(AdProvider = window.AdProvider || []).push({\"serve\": {}});<\/script>\r\n  <\/div>\r\n  <div style=\"height: 500px; background: #ccc; display: grid; place-items: center;\">\r\n  <script async 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{}});<\/script>\r\n<\/div><br \/>\n<\/p>\n<div>\n<p>A new report shows just how hard it is for those in Los Angeles to buy a home, where mortgage rates are twice as expensive as renting. <\/p>\n<p>The median monthly mortgage in LA came in at $6,240 a month compared to the median monthly rent cost of $2,819, according to the latest report from Construction Coverage.<\/p>\n<p>\u201cSince the start of 2021, mortgage rates have more than doubled and home prices remain approximately 33% higher, driving a surge in the \u2018buying premium\u2019 across most U.S. markets,\u201d per the report.<\/p>\n<p>\u201cAs of early 2026, the national median monthly mortgage payment is 20% higher than the median rent, a dramatic reversal from the 2010s when buying was often cheaper.\u201d<\/p>\n<figure class=\"nyp-slideshow-modal-image wp-block-image aligncenter size-large\"><figcaption>The median cost of a home sits at a whopping $920,605 in Los Angeles. <span class=\"credit\">Getty Images<\/span><\/figcaption><\/figure>\n<figure class=\"nyp-slideshow-modal-image wp-block-image aligncenter size-large\"><figcaption>A for sale sign is posted in front of a home on April 13, 2026 in Pasadena, California <span class=\"credit\">Getty Images<\/span><\/figcaption><\/figure>\n<p>The study looked at 838 cities across the country, and LA was one of more than 100 cities where it is more affordable for a family or couple to rent a place rather than pay mortgage where the sky-high cost of living is making the dream of owning a home unattainable.<\/p>\n<p>The report found the average Angeleno must fork over a hefty premium of 108.2% for a mortgage payment, where the median cost of a home sits at a whopping $920,605.\u00a0<\/p>\n<hr class=\"wp-block-separator has-alpha-channel-opacity\"\/>\n<h2 class=\"wp-block-heading\"><strong>Download The California Post App, follow us on social, and subscribe to our newsletters <\/strong><\/h2>\n<div class=\"wp-block-group is-layout-constrained wp-block-group-is-layout-constrained\">\n<p><strong>California Post News<\/strong>: Facebook, Instagram, TikTok, X, YouTube, WhatsApp, LinkedIn<br \/><strong>California Post Sports<\/strong> Facebook, Instagram, TikTok, YouTube, X<br \/><strong>California Post  <\/strong>Opinion <br \/><strong>California Post Newsletters<\/strong>: Sign up here!<br \/><strong>California Post App<\/strong>: Download here!<br \/><strong>Home delivery<\/strong>: Sign up here!<br \/><strong>Page Six Hollywood<\/strong>: Sign up here!<\/p>\n<hr class=\"wp-block-separator has-alpha-channel-opacity\"\/>\n<\/div>\n<aside class=\"single__inline-module aligncenter wp-block-nypost-editor-primary-tag\">\n<\/aside>\n<p>For those who want to follow in their parents and grandparents footsteps there\u2019s still hope in other parts of the country, but that number keeps shrinking every year.\u00a0<\/p>\n<p>Currently only 95 out of the 838 U.S. cities analyzed \u201cstill offer a cost advantage to buying\u2014mostly in lower-cost Southern and Rust Belt markets,\u201d the report noted.<\/p>\n<div class=\"single__inline-module inline-module inline-module--newsletter aligncenter inline-module--nypostbusinessunit aligncenter wp-block-nypost-editor-newsletter\" data-source-unit=\"Inline Newsletter Module Cali - Morning Report\">\n<div class=\"inline-module__inner\">\n<div class=\"inline-module__title-wrapper\">\n<div class=\"inline-module__unsubmitted-title-wrapper\">\n<h3 class=\"inline-module__title headline headline--combo-sm-md\">\n\t\t\t\t\t\t\tSign up for the California Morning Report newsletter\t\t\t\t\t\t<\/h3>\n<p class=\"inline-module__cta\">\n\t\t\t\t\t\t\tCalifornia&#8217;s top news, sports and entertainment delivered to your inbox every day.\t\t\t\t\t\t<\/p>\n<\/p><\/div>\n<p><h3 class=\"inline-module__title headline headline--combo-sm-md\">\n\t\t\t\t\t\tThanks for signing up!\t\t\t\t\t<\/h3>\n<\/p><\/div>\n<\/p><\/div>\n<\/div>\n<p>Those places include states like Texas, Alabama, Georgia, or in Rust Belt locations like Ohio and Michigan.\u00a0<\/p>\n<p>\u201cIn these locations, home costs remain relatively low, allowing buyers to save relative to the cost of renting.\u201d<\/p>\n<figure class=\"nyp-slideshow-modal-image wp-block-image aligncenter size-large\"><figcaption>A house is available for rent on March 15, 2022 in Los Angeles, California. <span class=\"credit\">Getty Images<\/span><\/figcaption><\/figure>\n<p>The report noted that for years it was always a more affordable option to buy a home compared to renting.\u00a0<\/p>\n<p>\u201cThe aftermath of the Great Recession, combined with an extended period of low interest rates, kept mortgage payments affordable throughout much of the 2010s.<\/p>\n<p>However, in 2022, things flipped and a \u201ccombination of soaring home prices and rapidly rising interest rates made renting the more affordable option in most markets,\u201d the report noted.<\/p>\n<p>\u201cMortgage rates have more than doubled since reaching record lows in January 2021, and while home price growth has slowed, the median home price remains approximately 33% higher over the same period.\u201d<\/p>\n<p>Despite this news, LA recently ranked the 8th most expensive rental market in the nation, with the median cost of one and two bedroom units at $2,290 and more than $3,110 respectively.<\/p>\n<\/p><\/div>\n<p><script async defer src=\"https:\/\/platform.instagram.com\/en_US\/embeds.js\"><\/script><br \/>\n<br \/><!-- \u603b\u5bb9\u5668\uff1a\u6700\u5927\u5bbd908px Grid\u7d27\u51d1\u5e03\u5c40 -->\r\n<div style=\"display: grid; grid-template-columns: 728px 160px; gap:2px; width:908px; background:#eee; padding:2px;\">\r\n\r\n  <!-- \u901a\u680f\u9876\u90e8\uff1a\u6700\u5927\u6a2a\u5e45 908x258 \u8de8\u6574\u884c -->\r\n  <div style=\"grid-column:1\/-1; height:258px; background:#ff6b6b; display:grid; place-items:center;\">\r\n    <!-- JuicyAds v3.0 -->\r\n<script type=\"text\/javascript\" 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