I learned alot from a three-paragraph blog post on BusinessWeek’s Hot Property blog.  For instance:

• The Mass-Affluent: 33 million households that have investable assets between $100,000 and $1 million
• The Mass-Affluent’s assets: 37% of their total assets tied up in real estate (23% in principal residences, 14% in investment real estate)
• The wealthier’s assets: 21% (13% principal residence, 8% investment real estate) for those with investable assets of $1 million or more

And then there’s this scary quote:

No doubt, some of those mass affluent are the ones who were sold the
interest-only mortgages. That’s why their financial squeeze is only
just beginning as interest rates rise.