Leaving LA: Rising home prices are pushing residents out: report

Southern Californians are moving on out.

The mass exodus of Angelenos has intensified as more families and workers struggle to afford higher taxes and rising housing costs throughout the region.

Census data shows Los Angeles County saw 98,608 more people leave the region than moved in last year, marking the largest net loss in the U.S., according to CBS. The 2018 mark is almost nearly three quarters more than the average 57,136 outflow from 2010 to 2017.

In Orange County, 20,104 more people left than moved in, placing it 10th on the list. Riverside County, meanwhile, had a net gain of 18,980 people, the fourth largest uptick in the nation.

But the trend remains that people are leaving not coming in. The rush of homebuyers jumping state lines even started straining other areas. Popular relocation spots in Idaho, Arizona and Nevada have been overwhelmed by the influx of new residents, and they have seen their own prices spike as well.

In Nevada, home prices jumped 13 percent over a one-year period; Californians made up the largest share of new arrivals. But the increase reportedly helped rebuild the city of Henderson, Nevada, which saw its population jump 20-percent over the last decade. Fifty-six percent of arrivals in Henderson between 2013 and 2017 came from California. [CBS] — Gregory Cornfield