One aspect that might be overlooked in examining the California housing market is the demographic underlying of the state. Most home owners are older in the state and the biggest growing segment of the population is the 65+ age group. In fact, this group will grow the quickest between 2010 and 2020 (by almost 40%). While those in the 35 to 54 range will actually stay the same or contract. The 25 to 34 group will grow by 25% but this group is largely saddled by college debt and lower wages

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