How much of Californians' retirement assets are tied up in their homes?
I would close to to find the breakdown of retirement assets among California residents (specifically homeowners) among the following types of assets: primary residence, stocks and other investments, change. Can anyone point me to a reliable source? Thank you
Answers:
you could contact the calif people center and they might grant you a starting point!
For Californians who own homes:
The home is probably more than 100% of total assets, connotation that the price of the home is more than the total of the folks assets. This is possible if the mortgage exceeds adjectives the assets (other than TRUE estate) combined, which it probably does in places where on earth home prices start at over $600,000.
For Californians who do not own homes, unambiguously 0% is tied up within the home.
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Answers:
you could contact the calif people center and they might grant you a starting point!
For Californians who own homes:
The home is probably more than 100% of total assets, connotation that the price of the home is more than the total of the folks assets. This is possible if the mortgage exceeds adjectives the assets (other than TRUE estate) combined, which it probably does in places where on earth home prices start at over $600,000.
For Californians who do not own homes, unambiguously 0% is tied up within the home.