Nearly one million residents fled California between 2006 and 2016, with thousands planning on leaving the Golden State as crime rates reach record highs and home prices continue to soar.
According to Market Watch, locals have had enough of high taxes, rampant homelessness, ‘unconstitutional’ immigration policies, and a lack of affordable housing; prompting a “mass exodus” from the west coast towards other regions of the country.
Industry experts predict an additional 3 million people will leave the state by the year 2025.
“California homeowners spend an average of 21.9% of their income on housing costs, the 49th worst in the nation, while renters spend 32.8%, the 48th worst,” writes the report.
“The median rent statewide in 2016 was $1,375, which is 40.2% higher than the national average. And the median home price was — wait for it — more than double that of the national average,” it adds.
Read the full story here.