If you want to talk large scale demographic or other changes that will affect real estate here’s something else to think about. After just watching tonight “The End of Suburbia – Oil Depletion and the Collapse of the American Dream” I would say a more potent issue to consider would be rapid decline in cheaply produced global oil production. Assuming half of what all the people in that movie said in 5 – 10 years that will hit the price of alot of real estate… more than something like the Baby Boomers.
Just on another note relative to what you wrote, as my father told me recently when discussing the issue water and more specifically the future lack of access to it..”No human civilization has ever survived long term living in the desert”. So you may want to suggest to your in-laws that moving to the desert might not be a truly peaceful and dream like way to end their final years here.
Sorry. Just a bit depressed after wathcing the DVD about the reality that most of us (including me) really don’t want to face about about our future based on a cheap petroleum lifestyle. For real estate predictors it is a good watch as there are some very interesting prognostications (?sp) about how Americans will live their lives in as soon as 7-10 years (major downsizing of EVERYTHING, reversal of globalization, small communities that have to come together to grow their own food and generate their own energy) and what effect this will all have on real estate.
What a way to spend my Sat nite )-: One thing that did make me smile was the quote “It will be the end of the 3,000 mile Ceaser Salad”…
