Movin’ on out: High cost of housing has Californians considering exit plan

Housing cost is too damn high: More than half of Californians have considered leaving

Los Angeles /
Sep.September 27, 2019 10:25 AM
Californians are considering a move out of state because of the cost of housing (Credit: iStock)
Californians are considering a move out of state because of the cost of housing (Credit: iStock)

Pacific breeze and beaches be damned: Californians say the high cost of housing has them thinking about an exit strategy.

Around half of registered voters said they have considered leaving the state, with the most common reason cited is the high cost of housing, according to a University of California Berkeley poll, conducted for the Los Angeles Times.

The housing crunch is real across the state and is especially acute in Los Angeles, where the average sale price of a home continues to creep upward, setting a new record practically every month.

Young voters responding to the poll were more likely than other age groups to say that high housing costs made them consider a move out of state. They’re also the most likely to actually pull the trigger and leave, according to the Times.

Renters in L.A. are also feeling the heat. Rents continue to rise in the metro area, although growth has slowed considerably over the last year.

L.A. County is short more than half a million units considered affordable to renters in federally defined “low-income” brackets. More than 58 percent of those households spend more than 30 percent of their income on rent.

The state has responded with legislation to cap annual rent increases statewide in the form of AB 1482, which is awaiting Gov. Gavin Newsom’s signature. Developers disagree. They argue that lawmakers must make it cheaper to build in order to allow them to construct enough affordable units. Last month, the state released a study that backed that up and suggested local lawmakers cut down on construction fees to spur development. [LAT]Dennis Lynch


Related Articles

arrow_forward_ios
Renderings of PATH Villas Hollywood project (PATH)
LA allocates $44M for more than 120 affordable housing units
LA allocates $44M for more than 120 affordable housing units
City Councilman Paul Koretz (Wikipedia Commons, iStock)
Backlash over high cost of tiny houses
Backlash over high cost of tiny houses
LA Mayor Eric Garcetti (Getty)
LA pays big bucks to build tiny homes for homeless
LA pays big bucks to build tiny homes for homeless
Mark Zuckerberg (Getty, iStock)
Facebook will invest $150M to build affordable housing in Bay Area
Facebook will invest $150M to build affordable housing in Bay Area
Gil Cedillo and Hillside Villa apartment building (Google Maps)
LA should buy Chinatown resi complex with Covid relief funds: Councilman
LA should buy Chinatown resi complex with Covid relief funds: Councilman
Jeffrey Jaeger and the Villa Raymond Apartments (Google Maps)
Standard Companies buys Pasadena senior housing, plans fix-up
Standard Companies buys Pasadena senior housing, plans fix-up
Weingart towers
LA approves $200M in bonds for affordable housing projects
LA approves $200M in bonds for affordable housing projects
The development site for the planned 207-unit complex (Credit: Google Maps)
Mapleton Properties plans 207-unit complex in Palms
Mapleton Properties plans 207-unit complex in Palms
arrow_forward_ios

The Deal's newsletters give you the latest scoops, fresh headlines, marketing data, and things to know within the industry.

Loading...