I have been banging the table for years now about the importance of demographic trends for the economy, the financial markets, and the housing market. Well, politics is no different.

According to recent surveys, Millennials, who are now aged 21-32 (I have three of them) are suspicious of government, have a strong anti-business bias, are opposed to new regulation, are highly conscious of environmental issues, and give the president his highest marks. They are also overwhelmingly in favor of same sex marriage, even in the red states.

They also happen to care the least about health care, and put a high value on ethics. We also have learned that they don't bother to vote in midterm elections. This is important because the Millennium Generation surpassed in size the 80 million strong baby boomer generation last year.

No wonder the last election focused so much energy on online campaigning and social media. Is the outcome of future elections to be determined by clicks and bandwidth? The data effectively means that the population of liberals is growing, while that for conservatives is shrinking. Politician planners and makers of campaign tchotchke take note.

Deciding the Next Election

It has definitely been a tough year for ski bums, massage therapists, and black jack dealers at Incline Village, Nevada. After getting a prodigious eight feet of snow over one weekend at Christmas, there has been nary a flake since then. Hats off to the Diamond Peak ski resort for trucking down enough snow from the higher elevations to keep the bunny slope running.

However, the real estate business is another kettle of fish. After a six-year hiatus, business is now booming in the High Sierras, as it is throughout the West. Until December, my real estate agent had only sold one house since 2007, and that to me, a nice little foreclosure deal where I picked up a beachfront estate for pennies on the dollar. Since then she has sold six residences, half to Chinese buyers for cash, and has another three in escrow. I guess when it rains, it pours.

I was surprised to learn that my neighbor, Oracle mogul, Larry Ellison, has placed on the market his nearby Glenbrook compound for $28.5 million. The property includes a six bedroom, eight bathroom 9,242 square foot main house on 2.6 acres, with 230 feet of frontage on the east shore of Lake Tahoe (click here for the listing).

I guess his existing 7.6 acre estate with 420 feet of beachfront next door is enough. Larry has been accumulating ultra high-end properties all over the world for the past two decades, more than he could ever possibly live in. Who knew these were investments, and not conspicuous consumption? This is the first time I have ever seen Larry sell anything. Is this a tell?

You can?t swing a dead cat in Incline Village without hitting a billionaire, so the public events are incredibly well funded. Junk bond king, Michael Milliken, pays for the Fourth of July fireworks, as the celebration falls on his birthday. On Sunday, the ski slopes were amply planted with plastic eggs, some containing candy, others, free lift tickets. Even the pet hospital here is better equipped than most public hospitals.

So I knew the Easter egg hunt would not disappoint. Perhaps, the eggs contained real gold coins. I have to tell you that it was a total blast wading through 500 hyped up children. Click here for the video of the event and hit the ?PLAY? arrow, if for no other reason than to admire the spectacular Lake Tahoe scenery.

This Can Be Yours for $28.5 Million