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Politics : Dutch Central Bank Sale Announcement Imminent? -- Ignore unavailable to you. Want to Upgrade?

To: sea_urchin who wrote (22655)	3/15/2005 9:21:17 AM
From: The Wharf	Respond to of 81111

Approximately 2.2mm new households joined the millionaire club in 2004, representing a 33% increase. Experts attribute the rise to strong market conditions. In 2003 when millionaire households increased by 13% the driving factor was real estate appreciation.<< California's Housing Affordability Index at 18 percent in January; down five points from year ago The minimum household income needed to purchase a median-priced home at $485,700 in California in January was $113,340, based on an average effective mortgage interest rate of 5.78 percent and assuming a 20 percent downpayment And then we have the other side of the coin. A decreasing pool of qualified buyers. I suppose we can assume all of the potential buyers who qualify income wise will be coming from China.