Jaibones

CNN/Money: Housing Rebound in Sight!

Long term housing investment for fun and profit is a losing game. Population growth drives this investment and it ain't happening. When these boomers go through the tube to the other side, who the hell is going to buy their homes?

My favorite example of Julian Simon's genius is this: ask your friends how many in Mom's family (as a kid), how many kids did Mom have, and how many kids do you have?

My numbers go 10 - 5 - 2. Two generations from population bomb to the replacement rate...