by MMR follow (1)
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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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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