[quote=bearishgurl]
No, I would not, sdr, see my post on wealth distribution. It all boils down to size of cash downpayments and terms of purchase.
Conversely, there is the quintessential CV couple in their mid-eighties who drive a 15-yr-old Lexus. (Came over to Ellis Island as children [TRUE].) Have pd. for home in MC/lower-MC area in perfect cond. inside and out as is their car. Too old to travel but active and content. Still LOADED with $$ so as not to be a burden on their children. THERE ARE LOTS OF THESE OWNERS STILL ALIVE IN SD, sdr. “Wealth” has many different faces.[/quote]
How many people living in Chula Vista are like this couple? Can’t possibly be that many, or else Chula wouldn’t have been hit by this RE nearly as hard, like PQ.