The California Association of Realtors (CAR) calculates the percentage of households that can afford to purchase an entry-level home in California. This measurement is called First Time Buyer Affordability Index (FTB-HAI) According to CAR, the Index for Affordability of Housing for First Time Buyers in Los Angeles the minimum qualifying income is $129,000. Sadly the aspiration of homeownership, the cornerstone of wealth creation for many Americans, remains unattainable for significant segments of the population. Source: CALIFORNIA ASSOCIATION OF REALTORS®