A home, as an asset, does not have a God-given right to continue to go up in value. We encourage our clients to treat a home as shelter and not part of the investment portfolio,'' said Jim Curran, a financial adviser with Curran and Lewis Investment Management Inc. in Menlo Park. But buyers say stock earnings are simply a means to an end. It's location, location, location and you don't feel as vulnerable. Buying a move-up home without the contingency of selling their previous house gave them more negotiating power.
Some buyers simply have a different perspective of risk.
Lee says he's developed a diverse portfolio, some of it job related, since college when his grandmother agreed to boost his savings by putting in twice what he deposited. Lee's case exemplifies more of the trade association's finding. Those who used investment earnings as a down payment source bought more expensive homes, according to the survey. The information you receive online from The Mercury News is protected by the copyright laws of the United States. The copyright laws prohibit any copying, redistributing, retransmitting, or repurposing of any copyright-protected material.