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Sunny side of the street

Tuesday, April 22nd, 2008 | Investment, Money, Real Estate, The Economy | 1 Comment

By Amy Hoak, MarketWatch

Last update: 7:41 p.m. EDT April 15, 2008

While many average Americans are skittish about the housing market, some of the country’s richest citizens see the current conditions as perfect for buying, according to the Annual Survey of Affluence and Wealth in America, released on Tuesday by the American Express Publishing Corp. and Harrison Group, a market research and consulting firm.

Seventy-seven percent of the wealthiest people surveyed think real estate presents a “real opportunity” right now. In the survey, “wealthy” meant having discretionary household income of more than $500,000 a year.

And these high-income earners are putting their money where their mouths are:
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