[nicmarlo]

With much of the baby boom cohort at the edge of retirement, it would be expected that the ratio of equity to value would be near record highs. There is reason to believe that the ratio of equity to value will continue to decline for the foreseeable future.

Interesting info., AuntB. Doesn't look too good. One thing I don't understand is how so many people in the Los Angeles area can buy homes. Most now in the $500,000 range used to sell for $70,000 in the 70's or 80's. They're just small houses on smallish lots, for the most part (and many now in crappy neighborhoods...once beautiful).

[durasell]

One thing I don’t understand is how so many people in the Los Angeles area can buy homes

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A)Incomes have gone up in urban areas more than they have increased in other parts of the country.

B)Young kids are getting help from parents.