By Daily Crux Editor Brian Hunt:
A blow to the cult of homeownership: As an investment, housing stinks.
Measured by the Case-Shiller index of 10 U.S. cities, homes have returned just 4.1% a year since 1987. During the same period, inflation climbed by 3% a year... leaving a real return just above 1% a year. Fees, insurance, and maintenance often eat away at that tiny return.
This Wall Street Journal article explains that most people would do better in long-term inflation-protected government bonds...
Read full article...
More on real estate
A great leading indicator for real estate
Billionaire Paulson calls bottom in housing market
How to get the best possible deal when buying a home
