The Baby Boomer generation in California are seeing some changes. In many neighborhoods, the prices of homes are going up, bringing in a wealthier group of home owners to areas where the owners have been there for some time. Their property is worth quite a bit, but they would need to sell it to cash in on it. The average price of homes in California is up 28% from last year without such an increase in the average income. It's the high quantities of investors that have driven up the prices.
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