{"id":2288132,"date":"2024-07-02T16:09:01","date_gmt":"2024-07-02T20:09:01","guid":{"rendered":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/california-soaring-costs-could-spell-devastating-future-for-golden-state-washington-examiner\/"},"modified":"2024-07-02T16:12:09","modified_gmt":"2024-07-02T20:12:09","slug":"california-soaring-costs-could-spell-devastating-future-for-golden-state-washington-examiner","status":"publish","type":"post","link":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/california-soaring-costs-could-spell-devastating-future-for-golden-state-washington-examiner\/","title":{"rendered":"California soaring costs could spell \u2018devastating\u2019 future for Golden State &#8211; Washington Examiner"},"content":{"rendered":"<aside class=\"mashsb-container mashsb-main mashsb-stretched\"><div class=\"mashsb-box\"><div class=\"mashsb-count mash-medium\" style=\"float:left\"><div class=\"counts mashsbcount\">26<\/div><span class=\"mashsb-sharetext\">SHARES<\/span><\/div><div class=\"mashsb-buttons\"><a class=\"mashicon-facebook mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/www.facebook.com\/sharer.php?u=https%3A%2F%2Fwww.conservativenewsdaily.net%2Fbreaking-news%2Fcalifornia-soaring-costs-could-spell-devastating-future-for-golden-state-washington-examiner%2F\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Facebook<\/span><\/a><a class=\"mashicon-twitter mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/twitter.com\/intent\/tweet?text=&amp;url=https:\/\/www.conservativenewsdaily.net\/breaking-news\/?p=2288132&amp;via=ConservNewsDly\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Twitter<\/span><\/a><a class=\"mashicon-subscribe mash-medium mash-nomargin mashsb-noshadow\" href=\"#\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Subscribe<\/span><\/a><div class=\"onoffswitch2 mash-medium mashsb-noshadow\" style=\"display:none\"><\/div><\/div>\n            <\/div>\n                <div style=\"clear:both\"><\/div><\/aside>\n            <!-- Share buttons by mashshare.net - Version: 4.0.47--><p>The article discusses California&#8217;s \u2064aging population and the potential consequences of young people leaving the state \u200cdue to high housing costs\u2064 and living expenses.\u2064 The data shows \u2063a\u200b significant decrease\u200c in the number of young residents in Los \u2062Angeles, while the elderly population is increasing. California&#8217;s <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/save-the-worker-save-america\/\" title=\"Protect the Worker, Preserve America\">low fertility rates<\/a> and declining \u200bbirth rates pose challenges for the \u200cstate&#8217;s future workforce. Concerns are raised about the ability of the state to support retirees\u2062 as the elderly population grows. Experts warn that the high cost of\u200d living,\u200d particularly housing prices, could have devastating effects on California&#8217;s future. The article also highlights the challenges of affordable housing in the \u200cstate, with strict regulations and taxes impacting developers and driving\u200c home prices\u2064 higher.  <\/p>\n<p class=\"readmore\">\n    <button onclick=\"showReadMore()\" id=\"readmorebtn\">Read more&#8230;<\/button>\n<\/p>\n<hr id=\"line\">\n<span id=\"more\"><br \/>\n<!DOCTYPE html PUBLIC \"-\/\/W3C\/\/DTD HTML 4.0 Transitional\/\/EN\" \"http:\/\/www.w3.org\/TR\/REC-html40\/loose.dtd\"><br \/>\n<?xml encoding=\"utf-8\" ?><html><body><\/p>\n<div class=\"tdb-block-inner td-fix-index\"><span class=\"tdb-mobile-menu-button\"><i class=\"tdb-mobile-menu-icon td-icon-mobile\"><\/i><\/span><\/div>\n<div class=\"tdb-block-inner td-fix-index\"><span class=\"tdb-header-search-button-mob dropdown-toggle\" data-toggle=\"dropdown\"><i class=\"tdb-mobile-search-icon td-icon-search\"><\/i><\/span><\/div>\n<div class=\"tdb-block-inner td-fix-index\"><a class=\"tdb-logo-a\" href=\"https:\/\/www.washingtonexaminer.com\/\" title=\"Washington Examiner\"><span class=\"tdb-logo-img-wrap\"><\/span><span class=\"tdb-logo-text-wrap\"><span class=\"tdb-logo-text-title\">Washington Examiner<\/span><\/span><\/a><\/div>\n<div class=\"tdb-block-inner td-fix-index\"><span class=\"tdb-mobile-menu-button\"><i class=\"tdb-mobile-menu-icon td-icon-mobile\"><\/i><\/span><\/div>\n<div class=\"tdb-block-inner td-fix-index\">\n<div class=\"tdb-drop-down-search\" aria-labelledby=\"td-header-search-button\">\n<div class=\"tdb-drop-down-search-inner\">\n<form method=\"get\" class=\"tdb-search-form\" action=\"https:\/\/www.washingtonexaminer.com\/\">\n<div class=\"tdb-search-form-inner\"><input class=\"tdb-head-search-form-input\" placeholder=\" \" type=\"text\" value name=\"s\" autocomplete=\"off\"><button class=\"wpb_button wpb_btn-inverse btn tdb-head-search-form-btn\" title=\"Search\" type=\"submit\"><span>Search<\/span><\/button><\/div>\n<\/form>\n<div class=\"tdb-aj-search\"><\/div>\n<\/div>\n<\/div>\n<p><a href=\"http:\/\/www.washingtonexaminer.com\/#\" role=\"button\" aria-label=\"Search\" class=\"tdb-head-search-btn dropdown-toggle\" data-toggle=\"dropdown\"><i class=\"tdb-search-icon td-icon-search\"><\/i><\/a><\/div>\n<div class=\"tdb-block-inner td-fix-index\"><a class=\"tdb-logo-a\" href=\"https:\/\/www.washingtonexaminer.com\/\" title=\"Washington Examiner\"><span class=\"tdb-logo-img-wrap\"><\/span><span class=\"tdb-logo-text-wrap\"><span class=\"tdb-logo-text-title\">Washington Examiner<\/span><\/span><\/a><\/div>\n<div class=\"tdb-block-inner td-fix-index\">\n<h1 class=\"tdb-title-text\">California soaring costs could spell \u2018devastating\u2019 future for Golden State<\/h1>\n<div><\/div>\n<div class=\"tdb-title-line\"><\/div>\n<\/div>\n<div class=\"tdb-block-inner td-fix-index\">\n<div class=\"tdb-author-name-wrap\"><span class=\"tdb-author-by\">By<\/span> <a class=\"tdb-author-name\" href=\"https:\/\/www.washingtonexaminer.com\/author\/ehallas\/\">Emily Hallas<\/a><\/div>\n<\/div>\n<div class=\"tdb-block-inner td-fix-index\"><time class=\"entry-date updated td-module-date\" datetime=\"2024-07-02T15:36:43-04:00\">July 2, 2024 3:36 pm<\/time><\/div>\n<div class=\"tdb-block-inner td-fix-index\">\n<div id=\"Brid_1680690\" class=\"tpd-featured-video bridtv\"><\/div>\n<p><a href=\"https:\/\/www.washingtonexaminer.com\/tag\/california\/\" target=\"_blank\" rel=\"noopener\" title>California<\/a>\u2019s aging population is raising concerns as young people turn to other states for cheaper housing and a lower cost of <a href=\"https:\/\/www.washingtonexaminer.com\/tag\/housing\/\" target=\"_blank\" rel=\"noopener\" title>living<\/a>.<\/p>\n<p>In the state\u2019s largest city, the age gap is striking. Between 2012 and 2022, the number of residents in Los Angeles under the age of 10 decreased by 20%, and those between 10 and 19 decreased by 14%. Meanwhile, the city\u2019s elderly population saw a significant increase, with the number of residents aged 60 increasing by 32% and those aged 70 increasing by 40%. California has one of the lowest fertility <a href=\"https:\/\/www.cdc.gov\/nchs\/pressroom\/sosmap\/fertility_rate\/fertility_rates.htm\" target=\"_blank\" rel=\"noopener\" title>rates<\/a> in the nation and is simultaneously experiencing the <a href=\"https:\/\/www.ppic.org\/blog\/californias-plunging-birth-rates\/\" target=\"_blank\" rel=\"noopener\" title>lowest<\/a> birth rates recorded in over a century. <\/p>\n<p>Los Angeles\u2019s problems are mirrored across the Golden State. In 2022, only 11% of individuals who moved to California came from out of state. That\u2019s the least of any state in the nation. <\/p>\n<figure class=\"wp-block-image size-full\"><figcaption class=\"wp-element-caption\">Dominique Walker speaks during a rally in support of a ramp-down of the eviction moratorium. (AP Photo\/Jeff Chiu)<\/figcaption><\/figure>\n<p>As the state\u2019s baby boomers age and its elderly population expands, <a href=\"https:\/\/www.ppic.org\/publication\/whats-behind-californias-recent-population-decline-and-why-it-matters\/\" target=\"_blank\" rel=\"noopener\" title>concerns<\/a> are mounting that its workforce will not be able to support Golden State retirees sufficiently. According to the Pew Research Center, by around 2030, retirees are <a href=\"https:\/\/www.ppic.org\/publication\/whats-behind-californias-recent-population-decline-and-why-it-matters\/\" target=\"_blank\" rel=\"noopener\" title>projected<\/a> to outnumber children in the state. <\/p>\n<p>Dowell Myers, a professor of policy, planning, and demography at the University of Southern California, expressed worry over the state\u2019s aging population in an <a href=\"https:\/\/www.latimes.com\/california\/story\/2024-07-02\/l-a-county-is-aging-fast-where-are-the-youngest-and-oldest-residents-living\" target=\"_blank\" rel=\"noopener\" title>interview<\/a> with the <em>Los Angeles Times<\/em>. Myers believes California\u2019s high cost of living, including high housing prices, is pushing young people away. He warned the consequences could prove \u201cdevastating for the future.\u201d <\/p>\n<p>Last month, a new <a href=\"https:\/\/www.washingtonexaminer.com\/news\/campaigns\/state\/3046319\/half-world-most-expensive-cities-homebuyers-america\/\" target=\"_blank\" rel=\"noopener\" title>report<\/a> showed California has four of the world\u2019s most expensive cities in which to buy a home. The average home <a href=\"https:\/\/www.thecentersquare.com\/california\/article_fc2f84ce-bc9c-11ee-b158-6365914c14c5.html\" target=\"_blank\" rel=\"noopener\" title>requires<\/a> a household income of $224,000 to afford, or roughly three times the median household income. The state\u2019s stringent environmental and zoning regulations, such as urban containment, have contributed to home unaffordability, placing steep costs on developers to build new homes.<\/p>\n<p>In Los Angeles, officials have focused on <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/florida-republicans-push-ahead-with-largest-tax-cut-in-state-history\/\" title=\"Florida Republicans Push Ahead With Largest Tax Cut in State History\">affordable housing projects<\/a> to bring down housing costs. However, critics say the county\u2019s new <a href=\"https:\/\/www.washingtonexaminer.com\/opinion\/2953281\/mansion-tax-only-makes-la-housing-crisis-worse\/\" target=\"_blank\" rel=\"noopener\" title>\u201cmansion tax\u201d<\/a> that <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/dc-council-approves-515-million-to-transform-capital-one-arena-and-chinatown\/\" title=\"DC Council greenlights 5 million for Capital One Arena and Chinatown makeover\">subsidizes affordable housing projects<\/a> is discouraging developers from building new housing, driving the cost of homes even higher. <\/p>\n<figure class=\"wp-block-image size-full\"><figcaption class=\"wp-element-caption\">Gov. Gavin Newsom (D-CA) while talking to reporters in Sacramento, California. (AP Photo\/Rich Pedroncelli)<\/figcaption><\/figure>\n<p><a href=\"https:\/\/www.washingtonexaminer.com\/\" target=\"_blank\" rel=\"noopener\" title><strong>CLICK HERE TO READ MORE FROM THE WASHINGTON EXAMINER<\/strong><\/a><\/p>\n<p>In April, a California district court struck down a state law that loosened zoning restrictions in order to spur homebuilding. Gov. Gavin Newsom (D-CA) signed SB 9 into law in 2021, allowing homeowners to build up to four units on lots the state previously reserved as single-family units. <\/p>\n<p>However, in a lawsuit against the state in 2022, the city governments of Carson, Redondo Beach, Torrance, Del Mar, and Whittier said the legislation failed to mandate the single-family units be zoned as \u201caffordable housing\u201d units, violating the state\u2019s constitution. California Attorney General Rob Bonta <a href=\"https:\/\/oag.ca.gov\/news\/press-releases\/attorney-general-bonta-files-notice-appeal-overturn-superior-court-decision#:~:text=OAKLAND%20%E2%80%94%20California%20Attorney%20General%20Rob,it%20violates%20their%20state%20constitutional\" target=\"_blank\" rel=\"noopener\" title>appealed<\/a> the court\u2019s decision last month. <\/p>\n<p> <script data-cfasync=\"false\" src=\"http:\/\/www.washingtonexaminer.com\/cdn-cgi\/scripts\/5c5dd728\/cloudflare-static\/email-decode.min.js\"><\/script><script>!function(){var g=window;g.googletag=g.googletag||{},g.googletag.cmd=g.googletag.cmd||[],g.googletag.cmd.push(function(){g.googletag.pubads().setTargeting(\"has-featured-video\",\"true\")})}();<\/script><script>var _bp=_bp||[];_bp.push({\"div\":\"Brid_1680690\",\"obj\":{\"id\":\"27789\",\"width\":\"1280\",\"height\":\"720\",\"stickyDirection\":\"below\",\"video\":\"1680690\"}});<\/script><script defer src=\"https:\/\/services.brid.tv\/player\/build\/brid.min.js\"><\/script><\/div>\n<div class=\"tdb-block-inner td-fix-index\"><\/div>\n<div class=\"tdb-block-inner td-fix-index\"><a class=\"tdb-logo-a\" href=\"https:\/\/www.washingtonexaminer.com\/\" title=\"Washington Examiner\"><span class=\"tdb-logo-img-wrap\"><\/span><span class=\"tdb-logo-text-wrap\"><span class=\"tdb-logo-text-title\">Washington Examiner<\/span><\/span><\/a><\/div>\n<p><\/body><\/html><\/p>\n<p><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The rising costs in California could have a disastrous impact on the state&#8217;s future, as young people are leaving for more affordable housing and lower living expenses. The aging population in cities like Los Angeles is growing, while the number of young residents is decreasing. California&#8217;s low fertility rates and birth rates are contributing to this trend. Concerns are mounting that the state&#8217;s workforce will not be able to support its growing elderly population. High housing prices and strict regulations are pushing young people away, leading to a potential crisis in the future. Governor Gavin Newsom&#8217;s efforts to spur homebuilding have faced challenges, with a recent court decision striking down a law aimed at increasing housing options<\/p>\n","protected":false},"author":3142,"featured_media":2288133,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_mo_disable_npp":"","fifu_image_url":"https:\/\/www.washingtonexaminer.com\/wp-content\/uploads\/2024\/07\/Newsom-California.webp","fifu_image_alt":"","footnotes":""},"categories":[],"tags":[4045,33716,33717,33715,32076],"class_list":["post-2288132","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","tag-california","tag-devastating-future","tag-golden-state","tag-soaring-costs","tag-washington-examiner"],"fifu_image_url":"https:\/\/www.washingtonexaminer.com\/wp-content\/uploads\/2024\/07\/Newsom-California.webp","_links":{"self":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/2288132","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/users\/3142"}],"replies":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/comments?post=2288132"}],"version-history":[{"count":0,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/2288132\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media\/2288133"}],"wp:attachment":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media?parent=2288132"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/categories?post=2288132"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/tags?post=2288132"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}