Is California’s expensive housing scaring away job seekers?
KPCC-FM interviewed Raphael Bostic of the USC Price School about the high-cost of housing, and that it might push certain workers out of state and affect the California economy.
Housing costs
Southern California home prices jump to a record high
Los Angeles Times quoted Richard Green of the USC Lusk Center on the likelihood Southern California’s housing price surge will continue.
AirTalk: Foreign buyers and the future of the SoCal housing market
High housing costs may be causing trouble for the Southern California housing market. Despite the fact that the state has some of the highest wages and job growth, many potential buyers are choosing to go out-of-state and foreign buyers are even pulling back. A stronger U.S. dollar could be to blame… Raphael Bostic joins Lawrence Yun chief economist at the…