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BREAKING: Now They Tell Us: Experts Say Housing Is A Lousy Investment And Always Will Be
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Original Message
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Well, the experts are weighing in again. And, once again, they agree: Housing is a lousy investment. And it always will be.
At least that's what they're telling the New York Times:
“There is no iron law that real estate must appreciate,” said Stan Humphries, chief economist for the real estate site Zillow. “All those theories advanced during the boom about why housing is special — that more people are choosing to spend more on housing, that more people are moving to the coasts, that we were running out of usable land — didn’t hold up.”
Instead, Mr. Humphries and other economists say, housing values will only keep up with inflation. A home will return the money an owner puts in each month, but will not multiply the investment.
But wait. Just a few years ago, weren't the experts saying that housing was always a great investment? That house prices would always go up?
Yes, they were
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50% Rule Applied
Read more here: [link to finance.yahoo.com]
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