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Originally Posted by fujishig
I wonder how much of the "demand" for housing is from speculators and "investors" and how much is from people actually wanting to live in them?
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I think that I read that it's something like 30% of houses sold last year were to investors and another 30% were 2nd homes. Less than 50% of the homes bought last year were for a primary residence.
Edit: I believe this figure was in LA or California, not nationally.