59% of LA voters have considered moving because of high rents: report  

That number is 56% statewide

Sep.September 19, 2017 12:00 PM
56 percent of California voters have considered moving due to housing unaffordability (Credit: Getty Images)

Forget earthquakes — housing costs are driving residents out.

More than half of California voters have considered moving, and 60 percent of the electorate supports rent control, the Sacramento Bee reported.

A whopping 56 percent of voters have considered moving due to the unaffordability of much of the state’s housing. Out of that group, one in four would relocate out of the state if need be, a UC Berkeley Institute of Governmental Studies found.

In Los Angeles County, 59 percent of voters have considered moving due to housing costs and approximately 68 percent said they are in support of rent control.

Renters seem to be the biggest proponent of rent control, with 65 percent of registered voters in favor of local laws. In the Bay Area, 63 percent of registered voters want tighter control.

The study comes just days after the affordable housing bill package passed in the Assembly and Senate.

Leaders of the state Senate and Assembly consider the bills’ approval a great success, but real estate professionals worry the new fees Senate Bill 2 creates will negatively impact the industry. [SB] – Natalie Hoberman


Related Articles

Gavin Newsom signed bills to facilitate backyard home construction.

Yes, in my backyard: Brokers say new accessory dwelling unit law will reduce barriers to building

From left: Paul Habibi and Henry Manoucheri

“A very dangerous precedent:” Real estate industry reacts to NY’s sweeping rent reform measures

Malibu Real Estate Investments principals Bedros Oruncakiel and Kirkor Suri

Malibu spec mansion lists amid softening luxury market

Chandler Parsons and his property on Stone Canyon Road (Credit: Getty Images)

Durant wants out of Malibu, and now Chandler Parsons is listing his Bel Air mansion

CoreLogic's Andrew LePage and Orange County (Credit: Wikipedia)

SoCal housing market shows signs of life, with a caveat: report

Bridge Housing CEO Cynthia Parker and a rendering of the view from Walnut and Anaheim (Credit: SVA Architects)

Fully affordable complex set to rise in vacant Long Beach lot

Tracy Tutor and her Brentwood home

Tracy Tutor of “Million Dollar Listing ” asking a lot more for Brentwood home

Anton Lessine and 321 South Bristol Avenue, and Behati Prinsloo and Adam Levine with their home (Credit: Getty Images and Zillow)

This week in celeb real estate: Adam Levine unloads $45M home, a Hollywood film producer sells in Brentwood…and more