What about the guy who has the cash and credit to buy and then has 2 or 3 rommates taht are offsetting the cost of his mortgage. He owns the place, gets the deduction, he lkives wih his friends who benefit form the back yard etc.
There is also a fairly sizable gay populationliving in the San diego area. Most of these guys don’t ahve to worry about 529 plans or diapers.
Thete are also many retired military. These guys have a government pension coming in , mahy have a managemnet position and some have a working spouse. They are not concerned about the ups and down of the market and can easily weather the volatility.
Is it forgatten that these people are out there aswell and make up a larger segment of the overall homeowners in San Diego than the mere speculators.
