The guy may be the enemy, but he comes up with some pretty bitchin graphs. I think that there were a few slides that were smoke, but most seem to be in line with what we have been pointing out in the SoCal market for some time: rising costs, stagnant wages, net migration out of Cali, etc.
I thought it was a bit telling to see his slides on immigration. I can’t remember which presentation file it was, but he seemed to basically show that immigrants will be making up a major portion of America’s population in the future and that they are a potential market for real estate. I always had an inkling that the real estate industry was in favor of illegal immigration and seeing this helped confirm my suspicions.
