LOS ANGELES (KNX) — A new poll compiled by the Public Policy Institute of California has found that nearly a quarter of the state’s renting population would “seriously consider” leaving for cheaper pastures.
The PPIC surveyed 2,292 California adults in late October, and found that roughly 24% of rental tenants are eyeing moves to other states, versus only 19% of homeowners.
The poll detailed a litany of possible explanations — all of which logically centered on affordability issues. Twenty-four percent of renters reported having someone in their household losing a job in the past year, versus only 16% of homeowners; and 17% of renters reported feeling worried “daily” about the possibility of being fired, versus only 12% of homeowners.
Homeowners by and large reported being more satisfied with their jobs, too: 38% were “very satisfied” with their employment, and only 17% reported “unstable” work hours. Compare that with 35% and 21% of renters, respectively.
Most notable of all, 22% of renters reported declining financial circumstances versus this time a year ago. Only 15% of homeowners could say the same. With the skyrocketing cost of housing statewide, such figures may provide some insight as to motives renters have for considering an out-of-state move.
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