Recent article from the Wall Street Journal regarding the Future of Home Prices. Basically the author and several economists say you should be careful about viewing your home or any real estate as an investment. Just look at it as where you live.
Interestingly the article sites three different homeowner surveys which clearly indicate that the majority of people do look at the homes as an investment and do believe they will increase in value over the longer term.
Real Estate is local in nature. The value is market driven as an investment. When we consider our assets real estate very often will contribute a sizable portion for the vast majority of people. Not considering the value of it as an asset/investment seems like a very limited choice in my view.
Checkout the article for yourself and decide:
http://online.wsj.com/article/SB122764977315457619.htmlLabels: future value, home prices, real estate
