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Old 06-24-05, 03:45 PM   #23
DodgingCars
DVD Talk Legend
 
Join Date: Jul 1999
Location: The L.A.
Posts: 18,097
Quote:
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?
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.

Last edited by DodgingCars; 06-24-05 at 03:55 PM.