Housing costs drain income in Golden State 

About two in 10 Californians who bought a home within the past two years spend more than half of their income on housing, while over half spend more than 30 percent of their income on housing, according to a study released this week by the Public Policy Institute of California, a nonprofit, nonpartisan research organization.

In a report titled, "California's Newest Homeowners: Affording the Unaffordable," the institute explores how residents in the state are ab

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