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Strategies & Market Trends : The Residential Real Estate Crash Index

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To: Peter V who wrote (141679)8/19/2008 11:15:38 PM
From: Sr KRead Replies (1) of 306849
 
I don't believe

>>that 61 percent of householders in Los Angeles have been in their homes five years or less <<

which you cite from
homescape.com

It's just as believable as the

"Median Home Sale Price $2,267,500"

from the same page.

Maybe there's a distortion for kids moving out of their parent's home or a dorm into rental housing or into a marriage.

With 25.64% of Homes Rented, maybe it's a rental distortion.
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