April 13, 2024 #1 Local News, Forum, Information and Event Source for Venice Beach, California.

New Poll Finds That Many Californians Feel Economic Anxiety About Housing Costs

Poll also finds that some Californians have considered moving away

By Dolores Quintana

A new poll released this week showed that more than half of California residents had concerns about being able to pay for housing as reported by The Los Angeles Times.

The Public Policy Institute of California conducted the poll and it found that almost 55% of Californians had fears about not being able to pay their rental costs or mortgage payments.The study also found that 26% of California residents were “very concerned” that they might not have enough money to pay for their homes. Lower income Californians, those who make less than $40,000 a year, were very worried about paying housing costs and when polled they responded that they were concerned in a larger number, namely 41%.

Renters had the most anxiety about their housing costs. In fact, the poll found that 34% of renters were very worried or twice as likely to be worried than homeowners were. While a substantial number of the people polled did not feel scared about housing costs, the fact is that the study found that a whopping 90% of respondents stated that they thought that being able to afford housing costs was an issue where they lived and a further 64% thought that housing affordability was a major issue. Many different people, even among different demographics, also thought that housing costs and affordability are a big problem in California. This feeling was strong among both homeowners and renters alike. 

The Public Policy Institute’s report said, “Notably, similar shares of homeowners (64%) and renters (65%) call this a big problem.” as quoted by The Los Angeles Times. 

The poll seemed to find that housing affordability is considered a big concern in the most populated and larger metro areas. This has led to a certain number of Californians to consider moving away from areas that are more expensive. The poll found that “record high 46% of Californians” have had serious thoughts about leaving the area they live in or leaving the state entirely. Of those people, the greatest percentage said they had considered moving out of state but, as could be expected, the responses tended to follow the person’s political point of view. Democrats were less likely to want to leave the state, while Republicans and independent voters tended to respond that they wanted to move out of state. 

Home prices in California have continued to rise and while economists don’t expect that upward trend to stop anytime soon, they think it’s possible that the trend could slow in the next two years. The median sale price of a home in the state went up to $697,500 or a 16.3% increase according to DQNews, a real estate data firm, as quoted by The Los Angeles Times.

in News
Related Posts

Registration Now Open for Summer at New Roads

April 12, 2024

April 12, 2024

New Roads School is accepting registration for its summer program, a vibrant selection of classes and camps curated to meet...

CodeREV Inspires Kids to Code

April 12, 2024

April 12, 2024

Budding coders, robotics engineers, game developers, animators and STEM campers are invited to join CodeREV this summer for a memorable...

YMCA Santa Monica: When School Is Out, Camp Is In

April 12, 2024

April 12, 2024

As the Santa Monica-Malibu Unified School District nears its end,  YMCA Santa Monica is setting up for its popular Summer...

Top 4 Party Boat Rentals in San Diego

April 12, 2024

April 12, 2024

Here’s a rundown of the top 4 party boat rentals that will elevate any event to an unforgettable experience: Alana...

Earth Day Celebration Coming to Village Green

April 12, 2024

April 12, 2024

Attendees Can Indulge in a Variety of Culinary Delights, Including Savory or Sweet Crêpes From la Crepe du Jardin, Shane’s...

Accents Owner Steven Hanna Reflects on Decades Long Legacy

April 12, 2024

April 12, 2024

For 37 years, Accents Jewelry has transcended mere commerce, evolving into a vibrant community, a crucible of creativity, and a...

Westside Artists to be Showcased at Winston House

April 12, 2024

April 12, 2024

Tickets Are Available for $15 Presale and $18 at the Door Experience a showcase of talented Westside artists at Winston...

Venice Shorts: Media Trucks Scour Canals After Saturday’s Violent Assaults

April 11, 2024

April 11, 2024

Just How Safe Is Venice? By Nick Antonicello Car vandalism, tool theft, break-ins, property theft, pick-pocketing at the beach, rampant...

Lyft Driver Charged with Sexual Assault Following Investigation

April 11, 2024

April 11, 2024

The Incident Occured in September By Zach Armstrong A Lyft driver who allegedly sexually assaulted a woman last year has...

Upcoming Fundraiser to Support the Venice Japanese American Memorial Monument

April 10, 2024

April 10, 2024

The Statue Honors the More Than 1,000 Japanese Americans in the L.A. Area Who Were Deported to the Manzanar Internment...

Parisian Artist to Debut Solo Exhibition at Venice Art Gallery

April 10, 2024

April 10, 2024

The Show Is Free, Open to the Public, and All Art Will Be Available for Purchase Paris-based artist Simon Frankart,...

Homeless Man Threatens Lifeguard With Rod, Shuts Down PCH Traffic While Perched on Cliff

April 10, 2024

April 10, 2024

The Incident Halted Traffic for Over an Hour By Zach Armstrong A homeless man was arrested by authorities on Monday after...

(Video) Fire Ravages Venice Home After Attempted Burglary on Same Block

April 10, 2024

April 10, 2024

LAPD Says There Was No Evidence of Arson @yovenicenews This Venice home was ravaged by a blaze. #venicebeach #venice #losangeles...

Now Enrolling: St. Matthew’s Summer Enrichment Program

April 10, 2024

April 10, 2024

Discover the magic of St. Matthew’s Parish School through their Summer Enrichment Program, offering a timeless summer camp experience infused...

Two Women Assaulted and Injured Near Venice Canals, LAPD Initiates Investigation

April 9, 2024

April 9, 2024

The Venice Community Will See an Increase in Patrols Along With Black and White Police Vehicles By Zach Armstrong An...