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Southland renters spend big on on housing: cause and consequence

Finding an affordable apartment can be a challenge. The task can be especially difficult in Los Angeles where over 52 percent of residents are renters. While most financial planners would recommend that an individual spend no more than 30 percent of his or her income on rent a new study released Monday by the Joint Center for Housing Studies at Harvard University found that more than half of americans living in rentals now spend more than the recommended percentage.