[quote=Happs]I was reading this article about investors buying houses and turning them into rentals and the second paragraph about the great number of houses under $400,000 in Orange County purchases by investors was startling. Do regular upper middle class workers not have the savings to be able to qualify for a mortgage on a $400,000 house? [/quote]
Regular upper income people don’t want a $400K house, they want a $800K house and a BMW on the driveway.
