DOWNTURN WON’T IMPACT POPULATION GROWTH
Posted on July 15th, 2009 in Land Banking by Randy BurchfieldBecause of the current downturn, most Californians are expecting slow population growth. According to a survey done by the Public Policy Institute of California, California will continue to grow at historical rates. The population is expected to grow by 10 million people over the next 20 years. That means more housing, more jobs and a demand for Land!
One of the reasons for the growth is the continued birth rate. California is a fairly young population so we will see growth internally. Immigration is another reason California population will continue to grow. The third reason is due to the current downturn. The Baby Boomers who were planning to cash out, retire and move are finding that they must wait for home values to increase and wait for retirement funds to grow. So the Baby Boomer generation is staying put and continuing to work.
For ACE Capital clients, this is a huge opportunity, because the growth will continue in the growth path of the major population centers. The most diverse job and housing opportunity that is growth friendly is Los Angeles County, specifically in North Los Angeles County.
So now is the time to focus on a methodology to recover retirement funds more quickly through the acquisition of pre-developed land in North LA County
