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

To: Smart_Asset who wrote (1269)	1/30/2013 3:00:09 PM
From: tejek	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. In NYC, LA and SF, it most definitely has to do with inheritance or trust funds and generous parents. In Detroit and cities like that, it has more to do with how inexpensive housing is in those cities.