California on verge of collapse. Everyone is leaving.

California on verge of collapse. Everyone is leaving.

73,021 View

Publish Date:
June 9, 2024
Category:
MultiFamily Investing
Video License
Standard License
Imported From:
Youtube





California's housing market and economy is on the verge of collapse in 2024. With a huge surge in the number of people leasing the state and a rise in unemployment as a sign of things to come.

Access data in this video on Reventure App: www.reventure.app

One reason why people are leaving California is because of the home prices. The cost of buying a house in Los Angeles, in a "cheaper" city like Carson, is over $700,000.

This puts homebuyer monthly payments in California at around $5k-$6 per month. A level most buyers cannot afford.

Another issue in California is the politics. 43% of you said that Politics is the worst aspect of California in a poll that had over 15,000 votes. The politicians in California continually make new rules and laws that make the state worse and push people out.
---
Access Exclusive Data and Videos as a Channel Member: https://www.youtube.com/channel/UCVTQunGrE3p7Oq8Owao5y_Q/join

DISCLAIMER: This video content is intended only for informational, educational, and entertainment purposes. Neither Reventure Consulting or Nicholas Gerli are registered financial advisors. Your use of Reventure Consulting's YouTube channel and your reliance on any information on the channel is solely at your own risk. Moreover, the use of the Internet (including, but not limited to, YouTube, E-Mail, and Instagram) for communications with Reventure Consulting does not establish a formal business relationship.

Image(s) and/or Footage used under license from Shutterstock.com. https://www.shutterstock.com/
Additional stock footage provided by Envato Elements. https://elements.envato.com/


Did you miss our previous article...
https://trendinginrealestate.com/multifamily-investing/2024-economic-outlook-brien-lundin-bridger-pennington-and-neal-bawa