Morning Mortgage Meltdown: Housing Takes Half: More than one in five homeowners...
Wednesday, Jul 29, 2009 | Updated 7:15 AM PDT
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More than one in five homeowners with a mortgage spends at least half their income on housing in San Francisco, and that's true in about a dozen other large cities in the country. Over 7.5 million people (that's 15 percent of all homeowners with mortgages) are feeling the very same pain. Worst-off in the country? Florida's Miami area, where almost a third of homeowners spend half or more of their income on housing. Yikes. [L.A. Times]
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