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Strategies & Market Trends : The Residential Real Estate Crash Index
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To: J. P. who wrote (10888)6/1/2003 1:27:06 PM
From: Lizzie TudorRead Replies (4) of 306849
 
I have the same thoughts about this real estate market. $150K is an income near the top 5% to 10%

In some areas of the country like California there is something of an ethnic influence going on. Whole families are saving money and buying houses. These folks are outstanding savers, better than most americans. It is the savings rate that is so poor in the USA, not the income. I think we need to assume that many of these houses were purchased with huge $$ down.
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