San Francisco Bay area
Three cities in the U.S. made the list of the world’s least affordable housing markets. No surprise, they are all in California.

Among the top 10, San Jose ranked No. 5, Los Angeles No. 6 and San Francisco No. 8. on a list compiled and released this week by urban planning consulting firm Demographia.

For the ninth consecutive year, Hong Kong claimed the top spot as the least affordable city in the world. The median property price in that city climbed to 20.9 times the median household income in 2018, according to the study,…