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Mar 10, 2022

The housing market has reached frightening heights and which has people looking elsewhere for home buying. John Iadarola and Ana Kasparian break it down on The Damage Report.
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Read more here:
Californians are fleeing to Mexico to escape outrageous housing prices https://fortune.com/2022/02/16/how-expensive-is-california-housing-market-mexico-home-prices/
"Southern California might be a great place to live, but the pandemic and an expensive housing market have pushed many residents to move—like, all the way to Mexico.
Year-over-year home prices in the Los Angeles metro area were up 15.2% in 2021, while prices in Southern California overall went up 15.4%, according to a report by Norada Real Estate Investments. Shockingly, almost half of America’s “million-dollar cities,” where the average price of a home is at least $1 million, are in California, according to a Zillow study published today. The Los Angeles metro area has 57 million-dollar cities, and the state of California has 44% of all million-dollar cities nationwide.
For residents in these cities, affordable housing is increasingly found over the southern border."
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