Soo, the "housing shortage" is forcing people to move from LA to Arizona while it does not prevent people to move into SFBA? And this is supposed to make sense how? What exactly is causing said "housing shortage" in LA? Not enough desert around it to build new housing?

Satoshi_Nakamoto says

Soo, the "housing shortage" is forcing people to move from LA to Arizona while it does not prevent people to move into SFBA? And this is supposed to make sense how? What exactly is causing said "housing shortage" in LA? Not enough desert around it to build new housing?

The high wage earners are the ones moving into SFBA. They can afford to.
My guess, the lower middle class are most likely to move out of California for a better standard of living in Arizona and Nevada.
As for welfare recipients, nothing beats living in California. It'a a paradise for them.

To many illegals, to many people that contribute nothing and only drain, to many ridiculous pensions, to many taxes.

Bullshit. I've never once had trouble finding a place to rent, having a large selection to choose from. If there's a housing shortage a city as big as San Diego shouldn't have hundreds of available rentals every day of the year.

NuttBoxer says

Bullshit. I've never once had trouble finding a place to rent, having a large selection to choose from. If there's a housing shortage a city as big as San Diego shouldn't have hundreds of available rentals every day of the year.

So what would be causing the price escalations for rental homes?

Strategist says

So what would be causing the price escalations for rental homes?

Inflation, loose lending, and heavy leveraging

NuttBoxer says

Bullshit. I've never once had trouble finding a place to rent, having a large selection to choose from. If there's a housing shortage a city as big as San Diego shouldn't have hundreds of available rentals every day of the year.

In a market like renting there will always be roughly the same available inventory regardless of the relative scarcity of units. What shows it is scarce is the price, and who can afford it: i.e. not most of the US population. The same market is there, just restricted to a fraction of the population.

NuttBoxer says

Inflation

If the price goes up much faster than inflation, then you know there is a capacity problem.

The state's median home price is now $537,315, reflecting a compounded annual growth rate of nearly 10% since 2012, according to real estate website Zillow. The median rent for a vacant apartment jumped an annual rate of nearly 5.5% to $2,428.

http://www.nbc4i.com/news/u-s-world/in-parts-of-the-californias-bay-area-105350-is-now-low-income/1064720357


“Low income” in CA is between $84,000 to $$105,000.