SAN FRANCISCO (KRON) – On Monday’s edition of Rob Black’s Winners and Losers, our financial expert Rob Black and KRON 4’s Mark Danon discuss Apple get hacked, Volkswagon stock falls and the rent crisis may get worse.
Apple’s got a problem, at least in China, according to Danon. Hackers attacked Apple in China attempted to uncover users private information.
Volkswagen stock fell 20 percent Monday in the wake of an emissions-testing scandal.
The rent crisis is about to get worse, according to Black. The people that get hit that hardest by rent prices are known as the severely cost burdened, or households that spend half their income on rent.
According to Black, people should only be paying 30 percent of their income on their rent, however, over 50 percent of people in the Bay Area pay more than that.