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Business Krispy Kreme marks 89 years with 89-cent dozens on FridayWorld Texas Hill Country floods again, one year after a disaster that killed scoresCalifornia In much of California, renting is now far cheaper than buying, a report findsLos Angeles Brush fire damages an Eagle Rock home as a heat wave grips Los AngelesLos Angeles Goldenvoice is bringing a new music festival to the Santa Monica sandBusiness FDA approves the first daily pill to sharply cut cholesterolCalifornia As a heat wave bakes California, new laws push schools to protect kidsBusiness Mary-Dell Chilton, who engineered the first genetically modified plant, dies at 87Business Krispy Kreme marks 89 years with 89-cent dozens on FridayWorld Texas Hill Country floods again, one year after a disaster that killed scoresCalifornia In much of California, renting is now far cheaper than buying, a report findsLos Angeles Brush fire damages an Eagle Rock home as a heat wave grips Los AngelesLos Angeles Goldenvoice is bringing a new music festival to the Santa Monica sandBusiness FDA approves the first daily pill to sharply cut cholesterolCalifornia As a heat wave bakes California, new laws push schools to protect kidsBusiness Mary-Dell Chilton, who engineered the first genetically modified plant, dies at 87

Topic: rent

A 'for rent' banner on an apartment building
New California
Thursday, 7/16, 10:53 PM

In much of California, renting is now far cheaper than buying, a report finds

  • A new analysis finds that in Los Angeles and most other major California cities, the monthly cost of renting is now well below the cost of buying a comparable home, a gap of roughly $2,000 a month in the LA area.
  • High home prices and mortgage rates near 6.5 percent have pushed ownership out of reach for many, even as buying still builds equity that renting never will.

rent — news and stories on this topic

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