Quote:
Originally Posted by KaptKaos
James,
How do you factor in immigration into these types of calculations? (I don't want to make this political people) Simple supply and demand type stuff.
The California population growth would have been negative without immigration. I have to believe that it's supporting the market, at least a little.
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I don't think the type of immigration going to California is going to help at all. As was said earlier, it's all low income stuff. Plus, the median age of the baby busters is around 34, so expect a down tick in babies from the non-immigrant groups. The leading edge of gen Y is 28 this year, and most of those aren't ready for house ownership. Maybe 15 from peak is too long for the next upturn, but I wouldn't expect it before 2016, when I'm running for President.
