San Diego Housing Market News and Analysis
Over 21% of homeowners in SD County have paid off houses
User Forum Topic
Submitted by earlyretirement on January 17, 2013 - 6:32pm
It was interesting to read that over 21% (1 in 5) San Diego County homeowners own their properties free and clear. That number actually surprised me as I figured it would be lower for San Diego. I know there is a lot of negative equity in San Diego County as well but it was nice to read this.
I'm sure many of them are people that bought many many years ago when real estate prices were fairly cheap. People like to throw around the fairly low median incomes in San Diego but for new people moving in it's a totally different story having to buy more expensive properties.
It was also interesting to read about the homeowners in the age bracket 20-24 that were free and clear. Obviously the money is coming from the parents. But still interesting nonetheless.
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