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


               
2013 Jan 9, 6:31am   20,144 views  44 comments

by MMR   follow (1)  

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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1   varmint   @   2013 Jan 9, 7:46am  

Immigrants. They still have a lot of kids.

We'll need to find jobs for them, but I can't see a way to meaningfully grow the younger demographics without immigration playing a large role.

2   Ceffer   @   2013 Jan 9, 8:35am  

Another Chicken Little non-crisis to get some kind of funding for the non-problem?

I just don't believe it, schools swarming with illegals, no jobs for the young people that are already here. Young people are the most likely to leave the state for work opportunities.

The Lucille Packard Foundation sounds like it is staffed by airheads. Airheads who are taking it for a ride along with the usual left leaning academics. Somebody's methodologies and the conclusions they draw from it really suck.

Treasure and nurture our poor oppressed, dwindling young. BuLLshit!

3   zzyzzx   @   2013 Jan 9, 9:35am  

Gen X/Yers won't be able to retire. Ever. Too poor.

4   Ceffer   @   2013 Jan 9, 10:03am  

A lot of the boomers won't be able to retire. I know guys who plan on going until at least 72.

Reverting back to pre WWII, when people just worked until they were too sick to continue to do so, retirement by modern standards was uncommon.

Work til you drop and devil take the hindmost.

5   carrieon   @   2013 Jan 9, 10:06am  

The homes in CA will all sell for 10 cents on the dollar.

6   mike m   @   2013 Jan 9, 6:31pm  

there will always be a market in california. it will just change. mostly mexican and indian buyers

7   C Boy   @   2013 Jan 9, 10:22pm  

Call it Crazy says

Ceffer says

A lot of the boomers won't be able to retire. I know guys who plan on going until at least 72.

Reverting back to pre WWII, when people just worked until they were too sick to continue to do so, retirement by modern standards was uncommon.

Work til you drop and devil take the hindmost.

Yup, and instead of a pension plan, you will get a nice pine box to get buried in!!

And they will probably be buried in the back yard.

8   Goran_K   @   2013 Jan 9, 11:25pm  

zzyzzx says

Gen X/Yers won't be able to retire. Ever. Too poor.

If boomers (who had every opportunity to save for retirement) aren't retiring until way after their 70s, then I suspect this to be true as well.

9   mdovell   @   2013 Jan 9, 11:34pm  

The population is still growing but the rate is now quite low. In some areas of the country it is simply just moving around rather than new people moving in.

A simple solution could be to just retain those that attend higher education or employment here.

A decade ago I knew a man from Japan majoring in IT and even though he had been in the country eight years and the demand was there there were no attempts to offer any form of incentives to have him stay.

I can tell you being in the Boston metro area that if all students stayed after graduation we would have a much higher population. Ample amounts of international students simply leave to their home countries. Intelligence squared made the argument that ph.d international students upon graduating should automatically get a green card.

10   Tenpoundbass   @   2013 Jan 9, 11:37pm  

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

11   New Renter   @   2013 Jan 10, 2:37am  

mdovell says

The population is still growing but the rate is now quite low. In some areas of the country it is simply just moving around rather than new people moving in.

A simple solution could be to just retain those that attend higher education or employment here.

A decade ago I knew a man from Japan majoring in IT and even though he had been in the country eight years and the demand was there there were no attempts to offer any form of incentives to have him stay.

I can tell you being in the Boston metro area that if all students stayed after graduation we would have a much higher population. Ample amounts of international students simply leave to their home countries. Intelligence squared made the argument that ph.d international students upon graduating should automatically get a green card.

There are not enough good jobs for the native Ph.D.s This is just more bullshit to drive wages down even further.

12   BoomAndBustCycle   @   2013 Jan 10, 3:25am  

Goran_K says

If boomers (who had every opportunity to save for retirement) aren't retiring until way after their 70s, then I suspect this to be true as well.

There are a select few boomers who will have the option to hold off retiring until their 70s. The job market is cruel and will kick you to the street for a younger, healthier 20 something who will work for less.

And there are only so many openings as Wal-Mart for greeters.

More likely, Boomers will have to cut back dramatically.. and those dreams of traveling the world in their golden years will be replaced with eating cat food at home.

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