It's the half which is expected to be invested in income producing property.
I once worked as a city planner.
If you are ever around people who enforce housing standards, you will learn that absentee landlords correlate with problematic rental property.
There is also tends to be a correlation between what people view as acceptable rental housing management and the culture in which they were raised.
There is no Valley bias in my post...I've always lived in the South East.
