Honolulu Among Top US Cities that Locals Leave
In a new analysis by Bloomberg, one expert says the high cost of housing is to blame.
A Bloomberg analysis has found that Honolulu ranks fourth among American cities that lost the most residents between July 2013 and July 2014.
University of California Los Angeles professor Michael Stoll hypothesizes that rising home prices are pushing out local residents, the article says.
Scott Young, Nora Yolles-Young and their two children weeks before they moved out of the “ohana unit” where they lived in Honolulu.
PF Bentley/Civil Beat
That’s definitely a factor in Honolulu, where the median price of a home was $700,000 last month.
The high cost of housing hurts families like the Youngs, who moved to Houston last year after feeling like they were “hemorrhaging money.”
To learn more about the high cost of housing, read Civil Beat’s series on the cost of living. For readers’ perspective on how the cost of living affects their lives, check out Connections.
