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Does being rich mean never having to pay a mortgage?

Does being rich mean never having to pay a mortgage?

A couple of days ago the New York Times came out with an article discussing the rise in mortgage default among the rich. (See the article here but also don’t forget to check out the rich comment stream here.) As a case in point, Los Altos, one of Silicon Valleys’ nicer neighborhood,s was feature in [...]

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Silicon Valley real estate news – week in review January 31, 2010

A smattering of local recent real estate news …
San Francisco Metro Area posts leading monthly gain in latest Case-Schiller report
via SJ Mercury News
Home prices rose for the sixth straight month in November, with 14 of 20 metro areas posting improvements from the month before.
The Standard & Poor’s/Case-Shiller home price index released Tuesday inched up 0.2 [...]

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