Quote For The Week
Sphere: Related ContentA home is to live in. For most people, seeing real estate as an investment that will surely appreciate is risky business. For one thing, while prices are already down in many parts of the country, they might go lower. So the cheap house you buy now could still sink in value. And while we’ve become accustomed to 6 or 7 percent returns on real estate, historically prices have just kept pace with or barely exceeded inflation. It’s probably wise to buy a home you want to live in rather than an investment with four walls.
-Jim Guest, President of Consumers Union, the independent non-profit publisher of Consumer Reports, in the September 2008 issue of the monthly publication.
Leave a Reply