The "generational" housing bubble

Here's an interesting video from YouTube that was recently posted. It's a news story on what a professor calls the "generational housing bubble" in California and what can be done to lessen the impact. The theory is kind of in a vacuum though, since it doesn't really take into account the current real estate situation and possibility for decline over the next few years.

Also interesting - the story reveals the top five last names of people who purchased homes in 2000, and again in 2005.