California real estate is so expensive that families, retirees, and even tech workers are living in cars and vans

Get the Full StoryCalifornia real estate is so expensive that families, retirees, and even the employed are living in cars, vans, and boats.

A recent Slate article explored the rising epidemic and found that 15,000 people live in vehicles in Los Angeles alone.

Local governments are attempting to crack down on the problem, which has led to the rise of safe parking programs.

Cars are no longer just a means of transportation. In a time when rents are soaring and housing prices are on the climb, they're also doubling as a home.

Look no further than California, where the median price for a home is at a record high of 600,000 and sleeping in cars is a common occurrence. A recent Slate article explored the rising epidemic on America's West Coast and found that 15,000 people live in cars, vans, and RVs in Los Angeles alone, citing the US Department of Housing and Urban Development. That's not counting car dwellers in other expensive California cities, like San Diego and San Francisco.See the rest of the story at Business InsiderNOW WATCH: The CEO of one of the largest health insurers in the US explains the problem with healthcare in AmericaSee Also:The New York City real estate market has gotten so bad that people are paying millions to live in the basementThe US has more million-dollar real estate markets than ever here are 23 cities where the typical home will be 1 million by next yearThe most expensive and affordable states to buy a house, rankedSEE ALSO: The New York City real estate market has gotten so bad that people are paying millions to live in the basement

DON'T MISS: There's a 1 billion plot of land for sale on an LA hilltop big enough to fit a home the size of Disneyland, but only about 100 people in the world could buy it

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