Homes Are Still Good Investments
May 28, 2009 7:43 AM
In a May 27 Wall Street Journal article, writer Brett Arends concluded that very safe long-term inflation protected government bonds are better investments than buying a home. The bonds will likely provide a higher annual return than historical long term home appreciation rates, which are just above 4% (that historical average, by the way, has been changed very little by the combination of unprecedented run up in home prices during the first half of this decade, followed by the unprecedented retreat of those prices in the second half). The author did not consider other important factors that make homes a much better investment in reaching his conclusion, however.
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