California has the most expensive rents in nation

According to the LATimes.com the typical California wage earner must make about $44,000 a year to afford the rent on a two-bedroom home.

Locally, Ventura County was the state and nation's fourth least affordable county, while Orange County was number 6.

Los Angeles county was not in the top 10, but the economics of the real estate market look good for Los Angeles County. With construction slowing and demand for rentals increasing, vacancies are very low. Not only might this force rents higher, but it might further sustain the California real estate boom.

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