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Real home prices may decline for the next 30 years


               
2014 May 4, 10:05am   16,462 views  61 comments

by John Bailo   follow (0)  

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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1   indigenous   @   2014 May 4, 11:58am  

I'm a thinkin. Not to mention that the FED is going to be forced to quit their meddling.

2   BoomAndBustCycle   @   2014 May 4, 2:01pm  

You are also buying land.... Sometimes the land is 50% the value of the mortgage.

3   bubblesitter   @   2014 May 4, 2:04pm  

indigenous says

I'm a thinkin. Not to mention that the FED is going to be forced to quit their meddling.

No, they won't. They have their hands too deep into this mess. Not easy to get out until a President dictates Fed to not intervene in the free market.

4   indigenous   @   2014 May 4, 2:25pm  

bubblesitter says

No, they won't. They have their hands too deep into this mess. Not easy to get out until a President dictates Fed to not intervene in the free market.

They won't be forced by the president. They will be forced by the situation, which is the debt service while potentially battling inflation or....

5   bubblesitter   @   2014 May 4, 2:58pm  

indigenous says

They won't be forced by the president. They will be forced by the situation, which is the debt service while potentially battling inflation or....

In other words, with shit load of national debt, they have their involvement in all aspects of the free market.

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