housing makt still in the pits

[dalakhani]

Originally Posted by randallscott35

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.

Saying that real estate is ALWAYS a depreciating asset is simply not true. It says here that you agree.

For the record, i am not the economist for the national association for realtors and I very much agree that in many cases it is much better to rent. Of course the longer one plans to live in a property, the better the idea it is to buy...especially with rates at 4.5%.