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03-16-2009, 01:09 PM
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Senior Member
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Join Date: Oct 2008
530 posts, read 316,244 times
Reputation: 172
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Time to buy California real estate?????
Last night on the news it was reported that California population will double by 2020! Is now the best time to buy real estate? Or is it the time to move to beat the rush in?
It wasn't clear where all increase will take place but I suspect it will be SURPRISE, Los Angeles basin and the San Francisco Bay area.  |
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03-16-2009, 04:17 PM
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Senior Member
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Join Date: Jul 2006
Location: Hampton Cove, Huntsville, AL
11,588 posts, read 10,766,934 times
Reputation: 2947
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Quote:
Originally Posted by Dean Trails
California population will double by 2020!
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I doubt it. I saw some estimates of doubling but they were made in the early 1990s projecting towards 2020 and 2040.
Still, is it a good time to buy?
I think it is getting closer, maybe a year or two. |
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03-16-2009, 04:41 PM
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Real Estate Broker
Status:
"If you find yourself in a hole, quit digging."
(set 4 days ago)
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Join Date: Jul 2007
Location: Mountain Ranch, CA The heart of Calaveras County
2,467 posts, read 2,065,391 times
Reputation: 970
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Well it only increased by a bit less than 8% between 2000 and 2007, so it's going to be a heck of a big migratory move or there is going to be some darn serious procreating going on.
From my local state Senators website;
"We have just learned today that California’s population is due to pass the 40 million mark by 2012, the 50 million mark by 2032, and to close in on 60 million by 2050."
The estimate of todays population is 38 million more or less.
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03-17-2009, 09:29 PM
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Senior Member
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Join Date: Mar 2009
133 posts, read 72,579 times
Reputation: 74
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Irregardless of pop increase, the RE market hasn't bottomed out yet.
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03-17-2009, 10:40 PM
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Senior Member
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Join Date: Aug 2007
Location: northern california
4,458 posts, read 2,373,853 times
Reputation: 2535
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Quote:
Originally Posted by Dean Trails
Last night on the news it was reported that California population will double by 2020! Is now the best time to buy real estate? Or is it the time to move to beat the rush in?
It wasn't clear where all increase will take place but I suspect it will be SURPRISE, Los Angeles basin and the San Francisco Bay area. |
Doubling by 2020 is very likely given that just about every Mexican woman I see has 5 kids and more on the way. In about 10 years, their kids will be doing same.
I say a great time to buy is now. Focus on those areas with the highest rated public school districts. |
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03-17-2009, 10:56 PM
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Senior Member
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Join Date: Jul 2006
Location: Hampton Cove, Huntsville, AL
11,588 posts, read 10,766,934 times
Reputation: 2947
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Quote:
Originally Posted by Alexus
Doubling by 2020 is very likely given that just about every Mexican woman I see has 5 kids and more on the way. In about 10 years, their kids will be doing same.
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A lot of people are told on Sundays that they should be fruitful and multiply and that all forms of contraception are immoral.
Pope reaffirms ban on condoms - CNN.com |
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03-18-2009, 02:34 AM
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Member
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Join Date: Apr 2007
Location: modesto, ca
13 posts, read 11,175 times
Reputation: 12
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Charles,
What could you possibly know about California? You don't live here ! Have you ever been her ? Find something else to do besides giving you opinion about things you don't know anything about. Sorry to anyone who listens to him about about California. Check the source of your infomation.
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03-18-2009, 02:45 AM
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Senior Member
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Join Date: Apr 2007
Location: Orange County CA
5,567 posts, read 5,100,876 times
Reputation: 2321
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Quote:
Originally Posted by inmodesto
Charles,
What could you possibly know about California? You don't live here ! Have you ever been her ? Find something else to do besides giving you opinion about things you don't know anything about. Sorry to anyone who listens to him about about California. Check the source of your infomation.
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You've been registered here almost a year so you should know that Charles is a SoCal native, spent the first 40 some years of his life here, only recently moved out of state, and still has family here. I'd wager that he has a better grasp on what's going on here than you do. |
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