L.A. County is among least affordable housing markets

The L.A. Times reports:

Looking for the American dream in Los Angeles?

Good luck with that.

A household earning the county's median income — $53,001 annually in 2012— can only afford a home worth about $271,000, a price point better suited to the Midwest than the West Coast. That means a typical buyer can afford only 24% of the homes currently for sale, according to a study released Thursday by Trulia, the real estate information company.

The great moments of Blue America.