Homes

Why homes aren't investments, not enough people think they are

razib | December 9, 2009

At Reuters Felix Salmon has been making the case that a home should not be thought of as an investment. Here's the the Google Trends for "investment property": I think the biggest argument that one should be careful about viewing a home purchase as an investment is that many people will now roll their eyes at you when you moot the idea. In other words, a substantial proportion of young adults are going to view the idea of getting locked down into a mortgage with a great deal more skepticism than they would have a few years ago. The cultural shock of the late real estate correction is going…