The Golden State attracts high-end workers, while its high housing costs cause a disproportionate number of low and middle income workers to flee the state. The non-profit think tank, Next 10, delves into this crisis in three new reports.
Three new studies commissioned by Next 10 — a San Francisco think tank that focuses on quality of life in California — make a powerful case that extreme housing costs threaten to make much of the state like Malibu and Santa Barbara, where only the wealthy can afford to live and
Three new studies show that although California has one of the highest rates of job growth in the country, its cost of housing and high-wage jobs could push lower earners out of the state as they seek someplace more affordable.
Angelenos and San Franciscans know their housing is insanely expensive, but California on the whole has some of the most expensive housing in the US, and that's driving many poor and middle-class Californians out, says a new report from Beacon Economics and released by Next 10,
More people are leaving California than coming, and it is the poorest and least-educated residents who are leading the exodus, according to a new report from Beacon Economics and the independent nonpartisan organization Next 10.
In spite of the fact that California boasts some of the highest wages in the nation as well as one of the fastest rates of job growth, high housing costs are driving many people out of the state.
