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California on verge of collapse. Housing crisis causing mass homelessness.

California's housing market continues to appreciate in 2024, despite record worst affordability. These rising prices are causing a housing affordability crisis that is leading to many people being homeless. Access data on Reventure App: www.reventure.app Particularly in Orange County, California, where real estate prices are up over 10% in the last year and where the typical value of a home is now over $1 million. Home prices and rents in California have gone up so much in 2024 that local residents cannot afford it. And now many people are being forced to leave the state as a result. Almost every county in California is experiencing outbound migration according to data from the US Census Bureau. Including Los Angeles, Orange, and San Diego Counties. This is where home prices and real estate values are highest. Many realtors in California are also now feeling the pain of this slowdown. Home sales in the region have dropped and buyer demand is very low due to these increasing prices. --- REVENTURE APP: https://www.reventure.app Access Exclusive Data and Videos as a Channel Member:    / @reventureconsulting   DISCLAIMER: This video content is intended only for informational, educational, and entertainment purposes. Neither Reventure Consulting or Nicholas Gerli are registered financial advisors. Your use of Reventure Consulting's YouTube channel and your reliance on any information on the channel is solely at your own risk. Moreover, the use of the Internet (including, but not limited to, YouTube, E-Mail, and Instagram) for communications with Reventure Consulting does not establish a formal business relationship. Image(s) and/or Footage used under license from Shutterstock.com. https://www.shutterstock.com/ Additional stock footage provided by Envato Elements. https://elements.envato.com/