[quote=bearishgurl]Exc. SANDAG data, UCGal. Thanks for posting.
Don’t judge an owner by their house and conversely, don’t judge a house by its owner. Some low-income owners survive fine in very nice properties and areas and some “wealthy” owners reside in the same property they bought in 1952, where the ‘hood has “gentrified” significantly since then but still suits them just fine :)[/quote]
Actually, I have one example of this. Someone that I know that is more or less a filing clerk live in a very nice part of CV the (other CV): spouse runs a home business too, and not *that* lucrative). They aren’t by any means “high wage earners”. However, I believe they are incredible at managing their finances. It also helped that they purchased pre-peak, and even better that they didn’t participate in the cashing-out-as-atm syndrome. I really like this older couple because they’re one of the nicest people. Looking at what they do and contrasting to the more modern, spend spend spend/lease this /borrow that…It’s a world of difference.
