[quote=gzz]In the long run pop growth is important. But the reason we have weak native population growth is women are delaying children and marriage or not marrying at all. So that is bullish for the market as single women earn more and for a longer time than their married peers, and may also buy a house or condo and live alone. The technical term for this trend is a decrease in household size. Even when they do have children, once a woman hits three kids daycare usually is more expensive than working at even a upper middle class job. But this happens much less often. So instead of a one income couple with three kids we have more dual income couples with one kid who use that double income to bid up rents and house prices. [/quote]
Sorry I think this is all BS. Less people = less people who need a place to live = smaller house = smaller amount of $ spent on housing. Even your second point doesn’t make sense. less people having to be at office = less requirement to live close to office = more people being able to move in less expensive areas like Temecula and Murrietta.
Your basic premise that people will spend every cent they have to buy a bigger, or more expensive house is ridiculous. I bought my house with 5 bedrooms because I have 3 kids. If it was just my wife and I, we would live in a 2 bedroom house and spend our money on traveling and investments. Whoever thinks a house brings happiness is a fool. If anything, I would rather have less so I could be tied to nothing (including my job) if I want to take off.
