VIDEO: California Rental Armageddon: Nearly half of Los Angeles adults doubling up, working class moving out, or you have the option of simply living in poverty.

by Joseph Saraceno

MigrationOut2013This is defined by Zillow as at least two working-age, unmarried or un-partnered adults living together.  So how can someone afford a $4,000 apartment in Santa Monica?  Easy, just have two other people living with you and the rent then becomes “affordable” or at least that is the pitch.  For many, even finding a roommate is too expensive.  Many adults are moving back home: MORE – VIDEO