4 ms·
> Not to mention the number of people I've talked to that said "housing always goes up, it's a great investment!". "One inflation-adjusted value index between
by freyir 10y ago
> Not to mention the number of people I've talked to that said "housing always goes up, it's a great investment!".
"One inflation-adjusted value index between 1928 and 2012 placed the annual rate of appreciation for real estate prices at just 0.2%." [1]
Overall, real estate has historically been a bad investment. That said, it does seem like there have been obvious indicators when an particular area is becoming a more desirable place to live, and when home prices are likely to go up significantly in the future. Although I imagine people have been hard at work modeling and forecasting this, and current prices will better reflect future appreciation (if this hasn't already happened).
[1] http://www.investopedia.com/ask/answers/052015/which-has-performed-better-historically-stock-market-or-real-estate.asp http://www.investopedia.com/ask/answers/052015/which-has-per...
- refurb 10y agoHousing looks like a bad investment overall, but housing is local. I have no doubt you can make good money off of a house in a "up and coming" city. The challenge is, how do you identify an "up and coming" city? Is it the same way you identify and "up and coming" stock? It's all just attempting to time the market.