With no letup in home prices, the California exodus surges

WTF? This is the liberal utopia! Not to mention people shiting in the streets and dropping dirty needles every where.
With no letup in home prices, the California exodus surges
Say goodbye to Hollywood, Billy Joel sang in 1976.
Now, in the midst of a deepening housing crisis, thousands of people are following that advice.
Over a million more people moved out of California from 2006 to 2016 than moved in, according to a new report, due mainly to the high cost of housing that hits lower-income people the hardest.
"A strong economy can also be dysfunctional," noted the report, a project of Next 10 and Beacon Economics. Housing costs are much higher in California than in other states, yet wages for workers in the lower income brackets aren't. And the state attracts more highly-educated high-earners who can afford pricey homes.
There are many reasons for the housing crunch, but the lack of new construction may be the most significant. According to the report, from 2008 to 2017, an average of 24.7 new housing permits were filed for every 100 new residents in California. That's well below the national average of 43.1 permits per 100 people.
If this trend persists, the researchers argued, analysts forecast the state will be about 3 million homes short by 2025.
https://www.marketwatch.com/story/with-no-letup-in-home-prices-the-california-exodus-surges-2018-05-03
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On 5/5/18 12:06 PM, BurfordTJustice wrote:

and yet California has a booming economy
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On Sun, 6 May 2018 11:34:36 -0700, ZZyXX

Yup the filthy rich are doing just fine. Meanwhile homelessness is reaching depression era levels.
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On 5/6/18 2:52 PM, snipped-for-privacy@aol.com wrote:

Let them eat burritos...
--
Everyone brings joy to my life. Some when they enter it and some when If
you don't want minimum wage, don't have minimum skills.
  Click to see the full signature.
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Travis Bickle posted for all of us...

Don't they already have an air quality problem? I hear-by petition all Californians to outlaw burritos and the like for air quality purposes.
--
Tekkie

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wrote:

...from the dumpster behind the Taco Bell.
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