High housing costs are driving out lower-income Californians, reports say
“California lost lower-income residents to other states over a recent 11-year period, while gaining wealthier households from elsewhere in the U.S. The disparity reflects the state’s sky-high rents and home prices, according to several reports released Thursday. The studies, produced by Beacon Economics for public policy nonprofit Next 10, mirror findings from the groups two years ago, as well as a flurry of other research that’s documented California’s persistent housing crisis.”