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As a result, more households were able to pay off their debts or refinance their mortgages, leaving homeowners with a net worth roughly 40 times higher than that of a renter. For example, in the SanJose metro area, low-income earners have accumulated nearly $630,000 over the last 10 years while middle-income earners gained $643,000.
The movement into secondary markets is underpinned by the anticipated increase in both debt and equity capital during 2014. SanJose – SanJose is the third-ranked market for the second year in a row, with investors attracted to the prospects offered by the city’s technology industry.
CAPCO financing, an alternative to conventional bank financing, can accommodate a slightly higher risk profile and provide a more flexible structure for growing businesses. Terms for both are normally 10-20 years and can finance up to 100 percent of the project costs. It allows for the construction of roads, bridges, etc.
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