Can we quantify how unhappy the California housing market is making residents? Some of the percentages in a new poll from the Hoover Institution seem awfully close to a misery measurement.
1. Among respondents, 59 percent of those under 30 years old had considered moving over the last year due to the high cost of housing. Among all respondents, 46 percent had thought about it.
2. In the Bay Area, 78 percent of those polled consider the housing market to be very or somewhat expensive for what buyers get. Seven percent chose very inexpensive.
Although the economic pressures in the Bay Area produced the highest levels of stress, worries about housing costs also were evident in the Central Valley and Southern California.
"The concern is uniform regardless of age, geography or outlook," notes Hoover research fellow Bill Whalen. "Californians look at the rising costs and dearth of attainable housing and worry that future generations won't be able to lay down roots in the Golden State."
