Recently Time magazine ran an article suggesting that buying a home is not a wise investment. This isn't the first time that credible news sources have cast dire predictions about the housing market.
The Miami Herald said, "If you are looking to buy, be careful. Rising home values are not a sure thing anymore."
Money magazine said, "Mos economists, agree... a home will become little more than a roof and a tax deduction, certainly not the lucrative investment it was."
Kiplinger's Personal Financial Magazine said, "Financial planners agree that houses will contiue to be a poor investment."
These three quotes are not recent; they were printed between 1947 and 1993. They may have seemed true at the time but each time the real estate market not only recovered, it was followed by a boom.
It is an incredible time to be a home buyer.
Jim
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment