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Strategies & Market Trends : The Residential Real Estate Crash Index -- Ignore unavailable to you. Want to Upgrade?

To: MulhollandDrive who wrote (7311)12/12/2002 7:03:38 PM
From: Elroy JetsonRead Replies (1) | Respond to of 306849
 
I think you'd be surprised how many small business owners are living in the $1 million to $3 million dollar range homes.

With the $1 million cap on mortgage deductions, the homes are bought with financing from the owner's business.

Over $3 million it's more foreign and corporate money, definitely so over $5 million.


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