The headline isn't misleading unless your only concern is placing California in relative position. The headline is true and relevant if you are wondering how i

The headline isn't misleading unless your only concern is placing California in relative position. The headline is true and relevant if you are wondering how investors influence housing prices - with a 20% share, clearly investors influence prices a lot. Moreover, California is where the housing bubble began but it's quite logical it's no longer where the bubble is concentrated so again 20% doesn't imply investor ownership is unimportant.