Monday, July 11, 2011
Housing Utility vs. Investment
The tone of this article is a bit sour but nonetheless on point for the main. Towards the end he touches what might be the real issue- the utility of housing versus housing as an investment. Despite perceptions to the contrary, residential housing has over time been a reasonable storehouse of value but not great. Perhaps the rate of inflation +/- 1% per year. Even so, the utility derived from the house accounts a good amount of psychic income.