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Strategies & Market Trends : The Residential Real Estate Crash Index -- Ignore unavailable to you. Want to Upgrade?

To: MulhollandDrive who wrote (6917)	11/18/2002 1:46:15 PM
From: Michael Sphar	Read Replies (2) \| Respond to of 306849

New issue - ( "quality of life" issues ) My original point was directed at the lack of common sense behind the idea that half the boomers were bankrupt. I fully acknowledge the quality of life aspects. Heck that's why I bought land 23 years ago overlooking Lake Tahoe, just to get a little ways away from all those future (now present) immigrants. But in the meantime, the new ones may value life and density differently. When my Chinese friends first visit my mountainous retreat, they invariably comment about its "remoteness", "solitude" or "darkness" or "so many trees" as if these are problems or liabilities. Regardless of views, there will be more buyers than sellers of west coast residential real estate for a long time to come. Sure there will be cyclical fluctuations of demand along the way but the basic question remains: How are we going to house 20,000,000 more bodies in this state during the next 20 years? What will it do to rents, to home values, etc?