High cost of housing is the most important factor impacting the annual survey, mainly among renters.The high cost of living in Los Angeles County has pushed the satisfaction level of residents back to its lowest ever, with some renters fearing they'll become homeless, according to an annual UCLA survey.
This year's overall rating fell two points from last year to 53 on a scale from 10 to 100, marking the second time in three years below the midpoint of 55. That means a majority of respondents are dissatisfied with the overall quality of their lives. Zev Yaroslavsky, the director of the study, said renters reported being disproportionately affected by economic and inflationary pressures. The study said almost six in 10 cited housing as the most important factor in their rating.
The study also says 65% of people say increases in the cost of food and groceries have had a major impact on their quality of life and 56% said rising housing costs also impact quality of life.
Source: Real Estate Daily Report (realestatedailyreport.net)
According To Annual UCLA Survey
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