It's a joke folks don't take me seriously on that.
Though it's interesting to see who seem to have money these days and how doesn't. Got oil? Got chinese worker factory?
It's anyone's guess. But I do know the recent buyers around my block have been putting 20%+. One's a professor with tenureship, a few are biotech folks, all families are double income. The recent buyers were job transfers to san diego. I guess there was some consolidation in biotech so offcies out east and midwest closed and they relocated here to SD. I wouldn't be surprised if there was some sort of relocation package. They all seem pretty low key, with a family (1-2 kids). mid thirties. Had a previous home that they sold. And yes, most of them were asian that "felt" they had to buy here for the school district.
