Nobody’s home: California residential vacancy rates

Great article with loads of useful information – all something we surely felt as we are still trying to get back on our feet here in the “Golden” state.

I simply don’t think that Gen. Y, the echo boomers, will come around and save the day. We, that majored from Uni., mostly majored in soft majors that are not applicable in the American job market of today or tomorrow. The uni.’s should have capped, and should cap, the number of people graduating with “communication studies” and “art history” majors and so on. That won’t happen. So people graduating from uni. today are already finding themselves irrelevant in the job market. Most 19 year olds are unaware of this though. The educated members of Gen. Y will be like the young, but not so young, Japanese of 10 years ago and today, unwilling or unable to leave home, get married, or make babies. Come around to the time when Gen. Y finally decides to grow up and they will be inheriting homes from their dead parents i.e. not buying homes. What does all this mean with the glut in the housing market?-There won’t be a recovery in housing markets unless we let a ton more immigrants in to do the buying for us. Turnaround in 2013? Laughable. What prospects are there on the horizon? Even if there are some cutting edge new industries of the future that America can take part in, kids are still getting their degrees in unrelated fields.

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