Quote:
Originally Posted by Babubhat
A house is not an investment. It may build equity but that is a by product of needing a place to live. At current prices you should not expect much more appreciation.
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A house is an investment, if you only "need a place to live" you can rent a little condo somewhere and not enjoy the appreciation opportunity of owning a home. Also not everyone that "invests" in homes lives in them and many of us have multiple homes here., they are truly great investments and based on the number of boomers still retiring every day I believe that the values of these homes will continue to rise.