Reply to Just Released - Top 100 Most expensive Zip Codes based on 2018 closed sales

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[quote=Anonymous][quote=Anonymous][quote=Anonymous]Wealthiest COUNTIES in the US:

1. Loudoun County, VA
2. Fairfax County, VA
3. Howard County, MD

5. Arilngton County, VA
6. Stafford County, VA

11. Montgomery County, MD[/quote]

No CA county? Where are all the CA counties? H[b]ow do people in all those expensive zip code in CA pay for these houses? [/b]
Where is DC?
So, the wealth is not in DC or the close-in suburbs. But if you live in Loudoun county, DCUM sees you as a loser who couldn't afford DC.[/quote]

People are much more highly leveraged in CA. Even the rich. Lots of monthly payments, with very little in the bank after all bills are paid. Most people I know in CA lease their cars.

Seriously.

I remember reading a statistic that the average Californian has a mortgage more than 5x their annual income, whereas the DC area (and most of the US on average) borrows only 3x their annual income. I absolutely believe this. It was a really interesting data set, as it examined the borrowing practices in all the MSAs across the country. I will try to track it down. CA and FL borrow A LOT more than the average U.S. homeowner.[/quote]

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