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Non-Tech : Investing in Real Estate - Creative Opportunities
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To: tejek who wrote (1270)1/30/2013 7:00:37 PM
From: Smart_Asset1 Recommendation  Read Replies (1) of 2722
 
It seems to me as much a result of the narrow sampling. Very few 20-24 year olds buy houses as most are either in school or just beginning the lower paying jobs that don't require degrees.

Here's a link to some stats.. carolinarealtors.com

Using the 18 to 24 average of 3.5% and then removing .5% for the 18 to 20's we get 3% of all buyers are 18 to 24 nationally. So if 42% of that 3% are cash buyers that represents less than 1.5% of all buyers.

Significantly reduces the wow factor of "43% of homeowners ages 20 to 24 don't have mortgages" from my perspective.
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