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Originally Posted by dalakhani
This isnt true over the long haul. Over the course of time, real estate is at very least an excellent hedge against inflation.
A piece of real estate bought in New York City 10,20, 0r 30 years ago is worth more today than it was then regardless of the fact that we are in a mini depression.
Real estate is local. Real estate is local. real estate is local.
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Bzzz. You aren't considering all the money you put into a house over the long term. Of course nominally it might go up. Which means nothing unless the buying power of the nominal increase is above the nominal increase of all other things needed to live.