According to an analysis of census data by the New York Times, urban counties saw the greatest impact of pandemic-year migration. Urban populations had also fallen in 2019 after experiencing little growth in 2012. Of the 110 metro areas with at least 500 million people, 29 experienced losses in 2020. Meanwhile, the number was 26 in 2019. A lack of international migration contributed to the decline. Before the era of Donald Trump as the U.S. president, incoming foreigners contributed substantially to urban growth, but their numbers have been dropping since 2017. Furthermore, the data mirror U.S. Postal Service indicates that nearly 16 million people moved between February and July 2020, an increase of 4 percent from the previous year. The data also spiked in March and April, suggesting that the pandemic led to some decisions to move. One of the cities that witnessed a lot of emigration in the last few months is Los Angeles. Millions of people have been moving out of the central city of California and to other suburban areas.
However, if you are also considering moving out of LA, it is in your best interest that you sell your house in Los Angeles for the right price. The only way to achieve this feat is by working with a reputable home buyer. For this reason, it is advisable to sell your house to Inhouse Offer so you can get enough cash that will be sufficient for you to establish yourself when you reach your destination.
Obviously, the question on the minds of Californians will be “why are people moving out of Los Angeles?” Well, this is what we will be discussing extensively in this article.
- Limited availability of homes
This is one problem a lot of people are dealing with in Los Angeles. Living in Los Angeles means a hike in rental prices due to the limited availability of homes. Many people live in their cars and on the streets while they have to battle the challenging financial situation.
- The city is overcrowded
If you want to figure out how crowded the city of Los Angeles is, wait until it is time for people to be rushing to their place of work. You will be indeed frustrated. Drivers in Los Angeles spend a lot of time in traffic than those in cities like New York and London. Thus, people are moving to other cities of the state because of the quietness, peace, and serenity. They want to move in and out of the area without hassle.
- Safety is a significant concern
The city is no longer safe due to the rise in unemployment and the low housing supply. Los Angeles is a city that boasts of a wide range of ethnic groups and populations. It is a city known to make dreams come through. However, the crime rate in Los Angeles is slowly becoming above average. Safety is a primary concern to people. That is why many people are slowly finding refuge in other parts of the state where they are sure they are safe.
- It is not the an ideal place to raise children
If you are a young family looking for the best environment to raise your kids, Los Angeles may not the right place for you. It is one reason many people are moving to other suburban areas because of the style of living.
Asides from the security and unemployment issues, people also have to deal with several challenges such as low high-school graduation rate, low housing vacancy, low opportunities for skill development, and so on. Considering all these factors, you will see that raising a child in this area is not the best option.
- Fatigue from excessive work
People living in this city are experiencing fatigue as a result of the stress they go through before they even start working at all. They will have to deal with transportation costs and get hooked inside the traffic congestion for a longer time. With this type of lifestyle, there is hardly enough time to relax and enjoy everything you have worked for. Most people see that it is no longer critical and worth it to stay in this city anymore.
What Will Happen To Homeowners?
If you are a homeowner in Los Angeles, the best option for you is to sell your home for cash before moving and for the right price. No matter the situation at hand in Los Angeles, there are still people willing to invest in these properties.