Even at currently elevated US home-price levels, buying still makes sense for those who are set on ownership. But buyers need to be sure that they can accept what could be a rather bumpy and disappointing long-term path for home values.
NEW HAVEN – A few days ago, I got an email from a man who chastised me for my skepticism about investing in housing today. He identified himself as a former US Air Force pilot during the Vietnam War who subsequently became a stockbroker and banker before retiring recently. “You, as an educated person,” he wrote, “should be helping and promoting the ownership of real estate.”
NEW HAVEN – A few days ago, I got an email from a man who chastised me for my skepticism about investing in housing today. He identified himself as a former US Air Force pilot during the Vietnam War who subsequently became a stockbroker and banker before retiring recently. “You, as an educated person,” he wrote, “should be helping and promoting the ownership of real estate.”