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HOW BIG AND HOW EXPENSIVE ARE CEOs HOUSES...

By
Real Estate Agent with Coldwell Banker Residential Brokerage

HOW BIG AND HOW EXPENSIVE ARE CEOs HOUSES....

I found this Factoid published in the Chicago Tribune interesting...

Business researchers at Ohio State University and Claremont -McKenna College in California peeked into public records of 1351 CEOs,circa2005.

They found the average CEO had bought his home for 1.65M (prices adjusted to 2005 levels). That "average" house had 5180 sq ft ...

...and that 67% carried mortgages...borrowing 66% LTV.

TRIVIA...