Courthouse News: Majority of LA County Residents Fear Being Priced Out of Homes

Courthouse News: Majority of LA County Residents Fear Being Priced Out of Homes
April 17, 2018 Peter

As the price of housing in California spirals out of reach, more than half of Los Angeles County residents fear being priced out of living in the region, and younger residents are even more apprehensive. Fifty-five percent of LA County residents said they, a close friend or family member have considered moving from their neighborhood in the last few years due to rising housing costs, according to the 2018 Quality of Life Index. Researchers at the University of California at Los Angeles and health accessibility advocates The California Endowment, which partnered on the project, said the response represents an 8 percent increase from the 2017 Index. The fears are more palpable among younger respondents. Sixty-eight percent of 18 to 29-year-olds, 73 percent of 30 to 39-year-olds, and 65 percent of 40 to 49-year-olds say that they or someone close to them has considered moving out of their neighborhoods due to housing costs. “Historically, young people, especially in Los Angeles, could look forward to a great future, but today they have the highest level of negativity and anxiety, especially between the ages of 18-29,” said UCLA’s Zev Yaroslavsky. “This should be a matter of concern to all of us.”

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