[quote=deadzone]I think you hit the target demographic for these purchases. However, I still am skeptical about how large the pool of people really is in this demographic.
Moreover, the situation is not nearly as good as your example. For one, good luck getting 4.5% on a jumbo loand. Second, you have to factor in property taxes (huge), PMI and possibly Mello Roos or HOA. Finally, the biggest risk is that real estate prices tank some more and you just traded in your safe but low interest investment income into a depreciating asset.
I for one am in that demographic you mention. I rent and am sitting on significant “house money”. I am more than content to keep renting in this environment.[/quote]
Well put, deadzone. I’m with you on this and your other posts above.
