Archive for the ‘Home Ownership’ Category

A Worthwhile Economic Indicator

Saturday, May 15th, 2010

The April, 2010, issue of Kiplinger’s Personal Finance magazine contains an article that is useful on several levels. “Should You Buy or Rent?” is intended as a primer for readers in the market for a home. It does that job well. It may be worth more, however, for something that its author did not intend – providing a leading economic indicator for our time.
Buy or Rent?
The article’s basic purpose is to dampen the ardor of would-be home buyers attracted by the promise of low prices, low interest rates, and a first-time home-buyer tax credit. The fundamental choice faced by potential [...]

Home Ownership: Retirement Nest Egg?

Friday, January 15th, 2010

For years, conventional wisdom – no, let’s call it conventional thinking – held that owning your own home was the best investment you could make. As it happens, that belief was partly based on misunderstanding.
Now the market for residential real estate is in shambles throughout large sections of the country. Commercial real estate is not much better off. We are continually assured that prosperity is just around the corner, but every time we reach the corner we find that the data on prices or new construction have worsened. This must mean that home ownership is a lousy investment for retirement [...]