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Real home prices may decline for the next 30 years


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2014 May 4, 10:05am   16,191 views  61 comments

by John Bailo   ➕follow (0)   💰tip   ignore  

Here's Why Your Home Is Not A Good Investment

Shiller also mentions that certain homes go out of style over time, dragging down prices. "What kind of houses will they be building in 20 years?" he wonders aloud. "They may have lots of new amenities. They will be computerized or something in some way that we can't anticipate now. So people won't want these old homes."

His animation peaked with a line I'll never forget.

"To me, the idea that buying a home is such a great idea is just wrong. They may very well decline for the next 30 years in real terms."

http://www.fool.com/investing/general/2014/05/02/the-uncomfortable-reason-your-home-is-not-a-great.aspx#ixzz30nLMxkJd

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61   bg   2014 May 9, 10:46pm  

P N Dr Lo R says

the 1930 built house in Forest Hills at 8122 Santa Clara Dr

That is my neighborhood. I actually grew up in Lakewood which is nearby. My best friend's parents still live about 2 blocks down on Santa Clara. FWIW, their house is falling down. We are trying to get them to move this year to a house that will be better as they age. THe house will certainly be a tear down that is replaced by a Mc Mansion.

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