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"Its really hard to be a Gen-Y now,[url=http://duveticaitaly.albirank.net/][b]Duvetica italy[/b][/url]," she said. "This is the generation that grew up optimistic. They were told they were smart. They were told they were the future. Suddenly, terrorism hits and the economy tanks. Even if they did get a job, they are not being promoted to vice president, like they hoped."
Born roughly between 1979 and 1994, members of Generation Y are the nation largest demographic bulge since the baby boomers. As they come of age,[url=http://duveticaoutletcanada.halod.com/][b]duvetica down jackets men sale[/b][/url], the pace of American life is quickening. They are as likely to learn about current affairs from "Tonight Show" host Jay Leno as from newspapers or CNN.
In Southern California, this group is facing a housing price boom that has soared beyond the projections of most economists. While the surge in residential property values is building wealth for their homeowner parents,[url=http://parajumpersonsalestores.blogspot.com/][b]Parajumpers on Sale[/b][/url], many twenty-somethings are having a hard time finding the cash to enter the market. It increasingly common for adult children to remain at home.
According to Buckingham, Gen-Y spending habits are partly responsible for the inability to buy homes without assistance. "This is a generation that likes buying fancy sneakers,[url=http://parajumperssale.webmium.com/][b]Parajumpers Jackets On Sale Parajumpers Parka Coat Online Store[/url]," she said. "They may not have as much saved as they had hoped. I do think they are an entitled generation."
Parents who have the means are likely to reinforce that sense of entitlement, she said. "A lot of parents say,[url=http://cheapnikesoccercleatsmercurial.webmium.com/][b]cheap nike soccer cleats mercurial[/b][/url], I am going to give them anything, I will try to find them a good place to live. Other major life decisions, such as marriage,[url=http://cheapsoccercleatswithfreeshipping.webmium.com/][b]discount cheap soccer cleats with free shipping for sale[/b][/url], likely will be delayed also.
Over the next 20 years, most of the San Diego region population growth will come from "natural increase" rather than migration, said Gary London,[url=http://duveticaitaly.albirank.net/][b]Duvetica Coats[/b][/url], a local real estate economist and strategist. "That means our sons and daughters."
If young, financially challenged house hunters are patient,[url=http://woolrichelitewaterproof.blogspot.com/][b]http://woolrichelitewaterproof.blogspot.com/[/b][/url], they may yet be able to afford homes in San Diego County, some observers say. La Mesa real estate broker Stan Sexton holds that the current price boom can last. He cites rising inventories of for-sale houses around the region as signs of a downturn.
"I think there is a lot of evidence now that the market has peaked," Sexton said.
Leslie Appleton-Young, chief economist for the California Association of Realtors,[url=http://duveticashop.olimx.com/][b]http://duveticashop.olimx.com/[b][/url], foresees no major price declines,[url=http://www.duveticajacketsjp.com/][b]デュベチカ通販[/b][/url], however. She says the rising market is more likely to flatten out than to drop.
"It hard for me to imagine prices falling," she said. "I think you see the rate of appreciation slow."
Over 70 percent of the market is repeat buyers,[url=http://woolricheliteparka.blogspot.com/][b]woolrich elite parka[b][/url], she noted. It is being driven by established homeowners who are using equity to move up to bigger or better dwellings.
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