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Non-Tech : Investing in Real Estate - Creative Opportunities -- Ignore unavailable to you. Want to Upgrade?

To: tejek who wrote (1267)1/30/2013 12:03:41 PM
From: Jurgis Bekepuris  Read Replies (1) | Respond to of 2722
 
However if you look at Zillow link cited ( zillowblog.com ), SoCal looks pretty red, so it would go against the argument.

Edit: Also note Sarasota. :) 41% free and clear ownership rate did not save it from RE crash. ;)

Interesting data though. :)



To: tejek who wrote (1267)1/30/2013 12:17:59 PM
From: Smart_Asset  Read Replies (1) | Respond to of 2722
 
I have to question that article's assertion.

". That’s because they're wealthy enough to buy their homes in cash."

As someone who had spent countless hours reading tax records that include mortgage information that statement seems way off target. Could have something to do with the narrow sample of 20 to 24 year olds. Could have something to do with inheritance. Just doesn't seem representative.


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