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Who is going to buy all those houses in Calif when the Gen X/Yers retire?


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2013 Jan 9, 6:31am   18,467 views  44 comments

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California 'suffering unprecedented decline' in child population
California is in the midst of an unprecedented decline in its child population. Falling birth rates, a decrease in migration and the retirement of the 'baby boom' generation are threatening the future prosperity of America's most populous state, a new report has revealed.

By 2030, children will make up 1/5 of population, while in 1970, they made up 1/3

http://www.telegraph.co.uk/news/worldnews/northamerica/usa/9791411/California-suffering-unprecedented-decline-in-child-population.html

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22   edvard2   2013 Jan 10, 6:34am  

C Boy says

Rustbelt.

Explain why.

23   C Boy   2013 Jan 10, 6:56am  

Cheaper. Less people. Less pollution. No earth quakes. No traffic jams on Saturday afternoon.

California is not the center of the universe.

My uncle lives close to here in Michigan:

24   CMY   2013 Jan 10, 7:05am  

David9 says

In Redondo Beach it certainly is. Check out other California Cities that would be acceptable to you, even in California you will find lower home prices than Redondo Beach.

Yes, I realize that the area is substantially higher than the norm. As a native of SoCal I also know where the affordable homes are (and the traffic that comes with them!)

My plan B includes one of several paid-off rental homes my family owns out here, so moving doesn't make much sense. Just would've been nice to do it without the discount/help, but this route certainly has it's advantages as well.

25   David9   2013 Jan 10, 7:10am  

CMY says

so moving doesn't make much sense.

No, it wouldn't make much sense at all. Don't know all the details on a blog! Looks like you got it covered then.

26   CMY   2013 Jan 10, 7:12am  

C Boy says

My uncle lives close to here in Michigan:

Your photos forgot the most important part of living there- Winter!

Beautiful state, but there's no way I'd ever be able to make it through that.

27   David9   2013 Jan 10, 7:26am  

CMY says

there's no way I'd ever be able to make it through that

I wasn't born here, but that's also true for people who have been here a long time. Working contracts in other States for awhile made me appreciate California more.

28   edvard2   2013 Jan 10, 7:59am  

C Boy says

Cheaper. Less people. Less pollution. No earth quakes. No traffic jams on Saturday afternoon.

California is not the center of the universe.

My uncle lives close to here in Michigan:

Oh yeah- don't forget long, frigid winters and hot, humid summers.
PS: I lived in the Northeast and the South before here. No comparison.

29   B.A.C.A.H.   2013 Jan 10, 8:40am  

Zakrajshek says

Pass laws that discourage this behavior and make it very expensive for investors to participate in these real estate markets.

It is only a matter of time before Prop-13 will be revised like that. But I don't think it matters for what you say. The Bay Area real estate is becoming dominated by wealthy immigrants who have a different way of looking at things than we local yokels.

30   CMY   2013 Jan 10, 9:05am  

B.A.C.A.H. says

becoming dominated by wealthy immigrants

Also pertinent to my area. Many agents are looking for bilingual assistants as move-in ready homes in the 1-3M range are being swallowed up by the Chinese in record amounts.

31   varmint   2013 Jan 10, 9:23am  

edvard2 says

Well there's also a TON of people from other states who move here as well.

More people leave California for other states than relocate here from them.

32   Ceffer   2013 Jan 10, 9:37am  

Problem is, none of the trend lines in California are positive. The state has gotten used to abusing and exploiting its residents and businesses because for every person who left, two or three stacked up to take their place.

If you put "weather" in one column and put all of the negative trend lines in the other, looking at a future of at least 15 percent sales taxes, gasoline at $8 per gallon, property tax at 1.5 percent without prop 13, not to mention the horrific fiscal crisis that will take place with the expensive railway system boondogles, productive businesses and people bailing out, how long before that "weather" column isn't looking so good any more? The gov, the welfares, the prisoners and the rich staring at each other over the smoking crater that was once CA's economy?

I almost thought when my local grocery store started charging for the bags and not providing them, "this is the straw that broke the camel's back?"

33   Patrick   2013 Jan 10, 10:03am  

edvard2 says

C Boy says

Cheaper. Less people. Less pollution. No earth quakes. No traffic jams on Saturday afternoon.

California is not the center of the universe.

My uncle lives close to here in Michigan:

Oh yeah- don't forget long, frigid winters and hot, humid summers.

PS: I lived in the Northeast and the South before here. No comparison.

I lived in Michigan from the ages of 9 to college, and bit after. You should also mention the mosquitos.

Michigan is kind of scenic in places, like those pictures, but the California coast is just drop-dead gorgeous. Though I guess the Oregon and WA coasts are similarly beautiful and have few mosquitoes.

34   just_passing_through   2013 Jan 10, 10:26am  

CaptainShuddup says

I don't expect the Gen whine'ers to ever be in the Homebuyers equation. Not until further notice.

Hey!? I resemble that remark!

35   CMY   2013 Jan 10, 10:32am  


Michigan is kind of scenic in places

My fiancee's family has a great plot of land right on Torch Lake, near Traverse City. Absolutely fell in love with the area, just wish her Aunt would get her head out of her arse so that we could go back every year (family squabble).

36   carrieon   2013 Jan 10, 11:21am  

I sense an upcoming migration pattern to the Midwest in the years ahead, for multiple reasons I don't want to get into here. Just know it's going to happen.
Keep that under your hat.

37   C Boy   2013 Jan 10, 11:25am  

edvard2 says

C Boy says

Cheaper. Less people. Less pollution. No earth quakes. No traffic jams on Saturday afternoon.

California is not the center of the universe.

My uncle lives close to here in Michigan:

Oh yeah- don't forget long, frigid winters and hot, humid summers.

PS: I lived in the Northeast and the South before here. No comparison.

Gives one character.

38   Robber Baron Elite Scum   2013 Jan 11, 9:12am  

"Who is going to buy all those houses in Calif when the Gen X/Yers retire?"

I will buy the entire state of california and turn it into a feudal caste system compromised of mostly peasants and me as the member of the elite banking aristocracy scum.

39   Nobody   2013 Jan 11, 10:13am  

This is a dumb question. We have plenty of investors from China. Notice we don't see ducks in our parks?

40   Robber Baron Elite Scum   2013 Jan 11, 10:19am  

APOCALYPSEFUCK is Shostakovich says

Gay gold-shitting Chindian aliens from outer space.

41   JodyChunder   2013 Jan 11, 3:12pm  


Michigan is kind of scenic in places, like those pictures, but the California coast is just drop-dead gorgeous. Though I guess the Oregon and WA coasts are similarly beautiful and have few mosquitoes.

Yes sir, Michigan is truly beautiful in spots, especially the upper peninsula. I passed through Kalamazoo a few years ago and thought it would be a nice little town to settle down in. The Mid West is home to some of the finest examples of 20th century architecture in the country, too, if you're concerned with that kind of thing.

I also agree about the Oregon coastline. Shockingly beautiful.

42   thomaswong.1986   2013 Jan 11, 4:41pm  

Ceffer says

If you put "weather" in one column and put all of the negative trend lines in the other, looking at a future of at least 15 percent sales taxes, gasoline at $8 per gallon, property tax at 1.5 percent without prop 13, not to mention the horrific fiscal crisis that will take place with the expensive railway system boondogles, productive businesses and people bailing out, how long before that "weather" column isn't looking so good any more? The gov, the welfares, the prisoners and the rich staring at each other over the smoking crater that was once CA's economy?

at one time we had both weather, productive business and economy, and a sane public.
but your right on spot here.. its the weather and big welfare state of CA which will be left.

43   thomaswong.1986   2013 Jan 11, 4:43pm  

Nobody says

This is a dumb question. We have plenty of investors from China. Notice we don't see ducks in our parks?

APOCALYPSEFUCK is Shostakovich says

Gay gold-shitting Chindian aliens from outer space.

44   thomaswong.1986   2013 Jan 11, 4:53pm  

edvard2 says

As far as Boomers, well the average boomer has saved less than $40k for retirement. A lot of them will never be able to retire. And as far as who will buy California homes? Well there's also a TON of people from other states who move here as well. Its not like the state is going to become abandoned. Where would you rather live: the rust belt or Cali?

You should ask the many many native Californians who have moved out to the South ... and some who are contemplating it today ... many are disgusted with the crap they see today.

This California isn't the California many natives grew up in... its Different but for some who came here from elsewhere dont get it yet...

California Dreaming is long long gone... fact is we were more like the South in decades past than what many would see today.

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