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Construction at a multifamily housing development on August 30 in Los Angeles. According to data from the California Association of Realtors, housing affordability dropped to a 16-year low in California in the second quarter of this year amid high-interest rates. According to the figures, just 16 percent of people in the state are able to afford to purchase an existing median-priced single-family home.
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Who Owns the Most Apartments in Los Angeles?

By Greg Cornfield
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