[lbo-talk] housing bubble?

Jordan Hayes jmhayes at j-o-r-d-a-n.com
Fri Jan 28 12:14:06 PST 2005



> A recent article in the Sacramento Bee indicated that 20%
> of Cal. houses are purchased for investment purchases.

35% of the housing stock is rentals (if 65% of households live in the house they own ...). This is a fairly stable number (though growing). Rentals are "investments" -- there's nothing new here.



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