housing makt still in the pits

[dalakhani]

Originally Posted by randallscott35

Houses are a depreciating asset. Always have been. They are a place to live, not an investment.

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.