California is a costly place to live. Homes cost 2.5 times the national average and rents are 50 percent higher than the national average. According to the non-partisan State Legislative Analyst’s Office, California’s housing crisis is fueled by a lack of supply and high demand.

Californians not only understand this, they feel it. In a recent CNBC poll, the high cost of homeownership was the leading reason why 53 percent of Californians are considering leaving the state, a jump over the 49 percent polled last year and this view is strongest among millennials (63 percent).

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