The bubble in housing prices is driving many to consider moving out of the state.
Is California about to lose more residents due to skyrocketing housing prices? It is a definite possibility. For various reasons (almost all of which are government-caused) there is a housing affordability crisis in the state.
Naturally, California politicians claim that they will tackle the problem through more laws and more spending.
The Sacramento Bee reports, “California exodus? Poll finds voters consider moving due to sky-high housing costs.”
More than half of California voters say the state’s housing affordability crisis is so bad that they’ve considered moving, and 60 percent of the electorate supports rent control, according to a new statewide poll.
The findings from UC Berkeley’s Institute of Governmental Studies reflect broad concerns Californians have over the soaring cost of living. Amid an unprecedented housing shortage, rents have skyrocketed and tenants have faced mass evictions, especially in desirable areas.
“It’s an extremely serious problem,” said poll director Mark DiCamillo. “People are being forced to consider moving because of the rising cost of housing – that’s pretty prevalent all over the state.”
Of the 56 percent of voters who said they’ve considered moving, 1 in 4 said they’d relocate out of state if they did.
The views expressed in this opinion article are solely those of their author and are not necessarily either shared or endorsed by EagleRising.com