[quote=bearishgurl][quote=ocrenter]certainly. I think that’s the real reason why the couple of CV tracts actually surpassed RSF Covenant as well as Fairbank Ranch . . . [/quote]
I’d like to know what percentage of properties located INSIDE the covenant are paid off as opposed to the percentage paid off in CV (92130).
And, how many homeowners INSIDE the covenant have total encumbrances of <=$150K against their properties as opposed to CV??
These answers may not be very easy to obtain but will surely tell the tale, here :=][/quote]
you can infer some of that by looking at the % with over 30% of income going to mortgage. and the Covenant vs the north CV tracts are really of no difference, all are within the 40-50% mark. And that doesn't really mean much as it simply means rich folks defer paying off their mortgage secondary to tax benefits.
