Distribution of Wealth in SD County

[bearishgurl]

UCGal, great research.

24% of all the privately-owned housing stock in SD County is owned free and clear.

The median income used to maintain this stock is $48K (prob. does not incl. ret. assets, if owned). Although not all free/clear owners have this low of an income, $48K is a lower MC income.

It supports what I’ve always believed. Thank you.

[an]

[quote=sdrealtor]FWIW, Fall 1997 was NOT the bottom of the last cycle.At least not in NCC. I bought a townhome in Encinitas is Fall 1997. I had sold previously for about 15% less in 1995. It may be different in other parts of SD, but in NCC 1995/1996 was definitely the bottom here.[/quote]
Unpossible!!! It’s 1997, stop it with your nonsense. :-).

[an]

[quote=sdrealtor]FWIW, Fall 1997 was NOT the bottom of the last cycle.At least not in NCC. I bought a townhome in Encinitas is Fall 1997. I had sold previously for about 15% less in 1995. It may be different in other parts of SD, but in NCC 1995/1996 was definitely the bottom here.[/quote]
Unpossible!!! It’s 1997, stop it with your nonsense. :-).

[an]

[quote=sdrealtor]FWIW, Fall 1997 was NOT the bottom of the last cycle.At least not in NCC. I bought a townhome in Encinitas is Fall 1997. I had sold previously for about 15% less in 1995. It may be different in other parts of SD, but in NCC 1995/1996 was definitely the bottom here.[/quote]
Unpossible!!! It’s 1997, stop it with your nonsense. :-).

[an]

[quote=sdrealtor]FWIW, Fall 1997 was NOT the bottom of the last cycle.At least not in NCC. I bought a townhome in Encinitas is Fall 1997. I had sold previously for about 15% less in 1995. It may be different in other parts of SD, but in NCC 1995/1996 was definitely the bottom here.[/quote]
Unpossible!!! It’s 1997, stop it with your nonsense. :-).

[an]

[quote=sdrealtor]FWIW, Fall 1997 was NOT the bottom of the last cycle.At least not in NCC. I bought a townhome in Encinitas is Fall 1997. I had sold previously for about 15% less in 1995. It may be different in other parts of SD, but in NCC 1995/1996 was definitely the bottom here.[/quote]
Unpossible!!! It’s 1997, stop it with your nonsense. :-).

[UCGal]

[quote=bearishgurl]UCGal, great research.

24% of all the privately-owned housing stock in SD County is owned free and clear.
[/quote]

Nit pick….
23.1% (not 24%) of “owner occupied” homes are owned w/out a mortgage.

So this data did not include 2nd homes, investment properties, etc…. I would imagine there are a lot of landlords who’ve owned their rental properties outright for years.

I don’t have the data to speculate about the number or rental properties owned free and clear, generating income for their owners.

The data was specific to owner occupied.

Sorry if I didn’t make that clear.

[UCGal]

[quote=bearishgurl]UCGal, great research.

24% of all the privately-owned housing stock in SD County is owned free and clear.
[/quote]

Nit pick….
23.1% (not 24%) of “owner occupied” homes are owned w/out a mortgage.

So this data did not include 2nd homes, investment properties, etc…. I would imagine there are a lot of landlords who’ve owned their rental properties outright for years.

I don’t have the data to speculate about the number or rental properties owned free and clear, generating income for their owners.

The data was specific to owner occupied.

Sorry if I didn’t make that clear.

[UCGal]

[quote=bearishgurl]UCGal, great research.

24% of all the privately-owned housing stock in SD County is owned free and clear.
[/quote]

Nit pick….
23.1% (not 24%) of “owner occupied” homes are owned w/out a mortgage.

So this data did not include 2nd homes, investment properties, etc…. I would imagine there are a lot of landlords who’ve owned their rental properties outright for years.

I don’t have the data to speculate about the number or rental properties owned free and clear, generating income for their owners.

The data was specific to owner occupied.

Sorry if I didn’t make that clear.

[UCGal]

[quote=bearishgurl]UCGal, great research.

24% of all the privately-owned housing stock in SD County is owned free and clear.
[/quote]

Nit pick….
23.1% (not 24%) of “owner occupied” homes are owned w/out a mortgage.

So this data did not include 2nd homes, investment properties, etc…. I would imagine there are a lot of landlords who’ve owned their rental properties outright for years.

I don’t have the data to speculate about the number or rental properties owned free and clear, generating income for their owners.

The data was specific to owner occupied.

Sorry if I didn’t make that clear.

[UCGal]

[quote=bearishgurl]UCGal, great research.

24% of all the privately-owned housing stock in SD County is owned free and clear.
[/quote]

Nit pick….
23.1% (not 24%) of “owner occupied” homes are owned w/out a mortgage.

So this data did not include 2nd homes, investment properties, etc…. I would imagine there are a lot of landlords who’ve owned their rental properties outright for years.

I don’t have the data to speculate about the number or rental properties owned free and clear, generating income for their owners.

The data was specific to owner occupied.

Sorry if I didn’t make that clear.

[an]

[quote=bearishgurl] Although not all free/clear owners have this low of an income, $48K is a lower MC income.[/quote]
Let me help you out.
[quote=UCGal]Median household income (dollars) 48,302 +/-1,173[/quote]
Also, ~80% makes less than $100k. So, I guess ~80% of them have lower MC income.
[quote=UCGal]Less than $10,000 5.5% +/-0.5
$10,000 to $24,999 19.1% +/-0.9
$25,000 to $34,999 12.0% +/-0.8
$35,000 to $49,999 14.9% +/-0.7
$50,000 to $74,999 16.5% +/-0.8
$75,000 to $99,999 10.7% +/-0.7
$100,000 to $149,999 10.6% +/-0.7
$150,000 or more 10.5% +/-0.8[/quote]

I thought you believe most of the people who have a house free and clear are wealthy?

[an]

[quote=bearishgurl] Although not all free/clear owners have this low of an income, $48K is a lower MC income.[/quote]
Let me help you out.
[quote=UCGal]Median household income (dollars) 48,302 +/-1,173[/quote]
Also, ~80% makes less than $100k. So, I guess ~80% of them have lower MC income.
[quote=UCGal]Less than $10,000 5.5% +/-0.5
$10,000 to $24,999 19.1% +/-0.9
$25,000 to $34,999 12.0% +/-0.8
$35,000 to $49,999 14.9% +/-0.7
$50,000 to $74,999 16.5% +/-0.8
$75,000 to $99,999 10.7% +/-0.7
$100,000 to $149,999 10.6% +/-0.7
$150,000 or more 10.5% +/-0.8[/quote]

I thought you believe most of the people who have a house free and clear are wealthy?

[an]

[quote=bearishgurl] Although not all free/clear owners have this low of an income, $48K is a lower MC income.[/quote]
Let me help you out.
[quote=UCGal]Median household income (dollars) 48,302 +/-1,173[/quote]
Also, ~80% makes less than $100k. So, I guess ~80% of them have lower MC income.
[quote=UCGal]Less than $10,000 5.5% +/-0.5
$10,000 to $24,999 19.1% +/-0.9
$25,000 to $34,999 12.0% +/-0.8
$35,000 to $49,999 14.9% +/-0.7
$50,000 to $74,999 16.5% +/-0.8
$75,000 to $99,999 10.7% +/-0.7
$100,000 to $149,999 10.6% +/-0.7
$150,000 or more 10.5% +/-0.8[/quote]

I thought you believe most of the people who have a house free and clear are wealthy?

[an]

[quote=bearishgurl] Although not all free/clear owners have this low of an income, $48K is a lower MC income.[/quote]
Let me help you out.
[quote=UCGal]Median household income (dollars) 48,302 +/-1,173[/quote]
Also, ~80% makes less than $100k. So, I guess ~80% of them have lower MC income.
[quote=UCGal]Less than $10,000 5.5% +/-0.5
$10,000 to $24,999 19.1% +/-0.9
$25,000 to $34,999 12.0% +/-0.8
$35,000 to $49,999 14.9% +/-0.7
$50,000 to $74,999 16.5% +/-0.8
$75,000 to $99,999 10.7% +/-0.7
$100,000 to $149,999 10.6% +/-0.7
$150,000 or more 10.5% +/-0.8[/quote]

I thought you believe most of the people who have a house free and clear are wealthy?

[Author]

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