Press Coverage

March 4, 2016
by Ben Bergman
KPCC

More people are leaving California than coming, and it is the poorest and least-educated residents who are leading the exodus, according to a new report from Beacon Economics and the independent nonpartisan organization Next 10.

California saw a net loss of 625,000 residents from 2007-2014, and 469,800 of those people did not have a bachelor's degree. The vast majority earned less than $30,000 a year, lured away to cheaper states like Texas, Oregon and Oregon.

March 4, 2016
by Bianca Barragan
Curbed Los Angeles

Angelenos and San Franciscans know their housing is insanely expensive, but California on the whole has some of the most expensive housing in the US, and that's driving many poor and middle-class Californians out, says a new report from Beacon Economics and released by Next 10, a nonprofit group founded by Bay Area venture capitalist F. Noel Perry (via the San Gabriel Valley Tribune). In the years between 2007 and 2014, "625,000 more people moved out of California to other states than moved into California from other states."

March 4, 2016
by Riley McDermid
San Francisco Business Times

Three new studies show that although California has one of the highest rates of job growth in the country, its cost of housing and high-wage jobs could push lower earners out of the state as they seek someplace more affordable.

The three reports – Current State of the California Housing Market, California Migration and California Employment by Income– were commissioned by San Francisco-based nonprofit Next 10 and prepared by Beacon Economics.

March 3, 2016
by George Avalos
San Jose Mercury News

California's boom in high-wage jobs, such as those in the tech sector, has shoved housing prices skyward and threatens to squeeze low- and middle-income wage earners out of the Golden State, a report released Wednesday warned.

Those disturbing findings were contained in new research compiled by Beacon Economics and commissioned by Next 10, a San Francisco-based think tank.

March 3, 2016
by Erik Anderson
KPBS

California is adding jobs and wages are going up, but a new economic review warns a housing shortage could crimp the state's economic growth.

Three new reports from Beacon Economics looked at housing, wages and migration. The studies found California continues to create jobs and attract people from other states. However, the reports also find there is not enough new housing in the pipeline.

A growing population is increasing competition for housing, which is driving up prices. That situation isn't getting any better.

Pages

Subscribe to Press Coverage