Buying a home in Los Angeles is twice as expensive as renting, report shows

Buying a home in Los Angeles costs twice as much as it does to rent, according to a new report by the construction industry researcher Construction Coverage. The median monthly mortgage payment in Los Angeles, including property tax, is $5,709, the report shows. The median monthly rent, meanwhile, is $2,742, making home ownership more than […]Buying a home in Los Angeles costs twice as much as it does to rent, according to a new report by the construction industry researcher Construction Coverage. The median monthly mortgage payment in Los Angeles, including property tax, is $5,709, the report shows. The median monthly rent, meanwhile, is $2,742, making home ownership more than […]