The disgusting figure of the day is $55,050 which comes to us from The Los Angeles Business Journal via L.A. Observed. What’s the number? It’s the gap between what the median family makes, and what they would need to make to qualify for a loan for the median home price. What’s worse? The gap is actually larger than the median income. That’s right, the median family income in Los Angeles is $51,780 and you’d need to make $106,830 to qualify for a loan for $460,210 which is the median home price as of the end of 2004.
Smoke ’em if you got ’em!