Why does the National Association of Realtors continue to pretend that a house is an investment?
November 10, 2009 - 12:26 pm
Shouldn’t everybody be aware by now that housing prices do not inevitably grow? Why can’t the Realtors just admit that a house is not an investment, but rather a form of consumption?
Because they want you to ‘buy’ a house, saddle yourself with a 30 year mortgage that chances are you’ll never pay off. Then they get to ’sell’ your house again.
November 10th, 2009 at 6:11 pm
Because they’re a union and that’s how their members make money. If people don’t buy houses, they don’t earn an income.
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November 10th, 2009 at 6:29 pm
Because they want you to ‘buy’ a house, saddle yourself with a 30 year mortgage that chances are you’ll never pay off. Then they get to ’sell’ your house again.
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November 10th, 2009 at 6:47 pm
Everyone is buying a house–either for yourself or for your landlord. Houses are probably a pretty good investment now that their values have plummeted.
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November 10th, 2009 at 7:24 pm
If you are the working poor no it is ot a good idea in fact that is the cause of our current problems people buying that could not pay back. If you are responsible and have a income from working not social security, welfare or disability then this is an ideal time to invest in not only a home but income property.
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November 10th, 2009 at 7:45 pm
An investment does not mean you have a 100% chance of an increase in value. Real estate is an investment that carries a certain risk. There are many people using foreclosed properties as investment opportunities.
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November 10th, 2009 at 8:33 pm
purchasing a house is still an investment. anything that you buy has a value that raises and lowers, vehicles unless incredibly old and in great condition lose the most value. no matter how bad the market is there is always someone with the necessary money to purchase anything. a house is an investment especially now when you can buy a house for a ridiculously low price, ride out this recession and when values are back up you can sell it for a killing. my house at one time was worth 260000.00 for the first owner who built it for 110000.00 he sold it 7 years later for 200000.00, unfortunately for the last family they refinanced multiple times and their loan was way more than the value of the house, between that and an adjustable rate mortgage hey couldn’t afford the payments. i purchased he house for 150000. and it is now worth in the area 170000-200000 area all i have to do is upkeep and live in it until the market comes back then sell or refinance, trade up for a bigger or buy another to rent. then i have 2 investment properties in a matter of 5-10 years market permitting that is.
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