80 million baby boomers = 50 million houses in usually what I call the arctic tundra (though a bunch of them are in CA etc … but NY, NJ, CT, MA, MN, IL, OH, MI, OR, WA) have a large segment of that population … who I expect will attempt to unload their McMansions and head to FL. By 2011-2012 we will be in a 30 year depression in RE except in FL (ironic as that sounds now …) CA may stay the same from that regard, its not a retiree friendly state so I believe they will still try to get out. I think RE in the Northern 1/2 is toast starting 2011 on. Heck, might be time to fire up the steel mills again cos now you can live in those places on menial wages since the boomers have dumped their McMansions on the market. Detroit and MI has already started.
Cool.
Cow_tipping.
