Need to make a correction to that 7 Million number I mentioned. 7 million renters are actually the number of renters that have been ADDED to the growing ranks of renters in CA in just the last decade. Great for us landlords–not so great for others.
No boomers we know have gone into foreclosure, as none of our parents have, or anyone else whe know for that matter–but, perhaps, these are exceptions.
I follow the stats closely, and it will be interesting to see how well younger generations do concerning property going forward.
