Tat house was 250,000 just a few years ago : )
Telling people to invest now because population will double by 2060 is nuts. Real estate goes up and down, up and down. It could go down and up and down again a dozen more times in 50 years. In another five years So-Cal could be wiped out the BIG ONE or made radioactive by a dirty bomb with a 400 year half-life.
Either he does not own any California real estate or wants to dump what he does own fast.