Thanks, Daniel. ” Although real estate is not their sole source of wealth, it remains a staple for many. Forty-six percent of those surveyed own investment real estate like a second home or rental properties.
Seventy percent of the households, meanwhile, owned stocks and bonds, and 68 percent owned mutual funds.”
If they did not sell yet, their net worth is decreasing with the real estate market. I wonder how many bought second homes in San Diego, Nevada, Arizona, or elsewhere in bubble cities. How many of these people are buying second homes in San Diego, and propping us real estate values here?
