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Strategies & Market Trends : The Residential Real Estate Crash Index
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To: MulhollandDrive who wrote (6925)11/18/2002 6:40:27 PM
From: Michael SpharRead Replies (2) of 306849
 
I'm quite familiar with being "way of the mark" just as a general life condition.<g> But that stat from your posting of 24 million more Californians by 2025 seems to confirm my hearsay conjecture of 20 million more by 2020 fairly well. Housing starts / apartment starts in this state over the next 20 years will have to reflect that situation, and to the degree that these lag the trend, housing and rentals will rise in response. Economic viability is not a guarantee, but for the state that gave birth to "silicon valley" it seems like a strong likelihood that employment opportunities will continue to happen for a lot of these future Californians.

I don't know much about the southern end of the state but just looking backwards at what has been happening over the last 20 years (or 50 years if you like) here in the SF bay area and points east like Livermore valley and Tracy/Stockton to Sacramento area. Its an easy conjecture to assume much more of the same in the next 20 years.

I don't think a "border closure" will affect the immigrant relatives of those who have arrived here under the process of student visa - h1b visa - green card - citizen. The door is propped open pretty permanently. And actually, I don't have a personal problem with this but I do think that the USA's gain is also other countries losses. When the educated youth of one country emigrate to another, it leaves a void in the country left behind. I would be the last to deny any person their desire to seek their own "pursuit of happiness" but this brain drain represents a basic incremental intellectual impoverishment of these other nations, which could be a contributory factor in the aggregate to other nations political and economic suffering and lead to or contribute to the "have/have not" dichotomy which may result in terrorism at its extreme. Its a problem, I have no clue how to resolve it.
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