Monday, July 11, 2011

A Home Is a Lousy Investment

Today's young people would be foolish to imitate their parents and view ownership as the cornerstone of personal finance.

By ROBERT BRIDGES

At the risk of heaping more misery on the struggling residential property market, an analysis of home-price and ownership data for the last 30 years in California—the Golden State with notoriously golden property prices—indicates that the average single family house has never been a particularly stellar investment.

Full article:
http://online.wsj.com/article/SB10001424052702304259304576375323652341888.html?mod=googlenews_wsj

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