California high housing prices push out poor & middle income workers

BlackonBlackCrime

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http://www.latimes.com/business/la-fi-california-migration-20150101-story.html

California's high cost of living has pushed hundreds of thousands of low- and middle-income workers to other states, federal data show.

The trend points to a challenge for the state's economy: how to attract workers of moderate means to some of the nation's most expensive housing markets.

The state overall has been losing people to other parts of the country since the 1990s. A snapshot of more recent U.S. Census migration numbers shows that nearly three-quarters of those who have left California for other states since 2007 earn less than $50,000 a year.

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The disparity gets progressively pronounced at the lower end of the income scale.

For those making $40,000 to $49,999, for instance, the net loss of population is 15,403 residents since 2007. The loss is 22,754 residents in the $30,000 to $39,999 range, then more than doubles to 46,318 residents in the $20,000 to $29,999 range.

"Housing prices are a primary factor, because that's usually the first thing you deal with when you're moving," said Dowell Myers, a professor of demography and urban planning at USC.

Census surveys back that up. According to data from the Census' Current Population Survey, those moving out of the state over the last 15 years listed housing as one of the most common factors, behind only family and job concerns.

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  • @WI_Proud_American If Liberals are driving out the poor and unskilled out of California, that's actually a GOOD thing.
    DAVID T79
    AT 9:41 AM JANUARY 03, 2015
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Hayes always pictured Texas as a land of larger-than-life belt buckles and oversized pickup trucks. But he kept hearing about the great quality of life from his brother-in-law, Pete Paule, an insurance professional who left Simi Valley for Texas in 2012.

It took one visit to persuade Hayes to follow suit. He quickly found a similar teaching job in an affluent school district north of Dallas in 2013, and for the first time in years a dream home appears within reach.

"If we stayed in California to buy a house, in my opinion we would have to settle," said Hayes, 47. "Now we can be picky and choose the house we want."

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The large flow of middle- and lower-income workers out of California is a trend that dates to at least the late 1980s, according to demographic expert William Frey, a senior fellow at the Brookings Institution in Washington.

During the last decade, out-migration from California peaked during the housing boom. The trend continued during and after the Great Recession, though at a slower pace.

The biggest recipients of the state's out-migration have been Texas and other western states such as Arizona, Nevada, Washington and Oregon.

"For a while now, the new frontier has not been 'Go west, young man,'" Frey said. "It's 'Go east,' if you're in California."

But the influx of higher-income, college-educated migrants from other states to California has been on the upswing since the recession, according to Census data.

That shift has pros and cons.

Attracting skilled workers with greater spending power means a boost for tax revenue and helps to retain innovative companies seeking a talented workforce. But it puts pressure on those in the middle — workers who have certificates or associate's degrees that fill crucial positions in industries such as healthcare.

According to the Census data from 2007 to 2013, one of the largest groups of workers leaving California was those who had more than a high school diploma but less than a bachelor's degree.

"For the people who can afford to go there, get the jobs and do well, the cost of living is not as much a problem," Frey said. "It's just difficult to live there in the middle."
 

King Poetic

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It's not only black people. White people are moving to places like Colorado while blacks move back down south..

San Francisco black population had the biggest dropped off.. blacks in Oakland are either moving father east of oakland or up north..

Blacks in l.a. that are from l.a. has lost political power do to the Mexican population, so it's fukk l.a....
 

King Sun

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No way that is a $400k home.
crazy thing is when i moved in 99 it sold for 100,000 and my parents sold it to my uncle. All my uncle did was add that ugly addition on top of the porch and put that concrete fencing up and when the market was booming he was able to sell it for that much
 

Bunchy Carter

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I bet this is Black people doing most of the moving.

I'm in LA and I'm trying to buy a house and this is right because I know some peopele that moved to the south and to the mid west to have the home they always wanted. One if my good friends moved to dallas and is doing pretty well; I'm proud of my brother. He told me to move out to dallas, I'm like I dont know because I take care of my
mom also.

But it is blacks moving back to the south because all the lower class job are offered to the mexicans and now the housing market is designed for the mexicans. For example in my condo building there were three mexican couples that moved. The fukked up part is that when they get mortgage loans; the loan officer does not ask them to verify all their assets; because all there assets are from low skilled jobs where they get paid under the table in cash
 

MikelArteta

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I don't blame people for leaving, even where I live toronto its expensive as hell, like 500k for avg house, 300k for a average condo

why stress just to make ends meet where you can go somewhere else and live a better life
 

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come to Montgomery country in MD and 400K will only get you a town house.
If you want a decent house nowadays it seems like 500K is the base minimum.
That's why I am going to move from this area. I want to buy a nice home but shyt, how can you afford one.
 

CodeBlaMeVi

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come to Montgomery country in MD and 400K will only get you a town house.
If you want a decent house nowadays it seems like 500K is the base minimum.
Miami is goldmine, thus New Yorkers are snatching up and driving up prices, but no real industry to allow locals to exploit this prices. For $400k you can buy out a block of the hood.
 

MikelArteta

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why can't black people compete for better jobs and prove we belong there by buying the overpriced property?

why be saddled down with a big ass mortgage struggle to make ends meet when you can pack your bags and go elsewhere?

but this is also what cacs do to kick out minorities minus asians, look at seattle one of the most expensive places to live in all of america such a low black population and that ish getting more and more expensive :mjpls:
 
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