Is Housing The Best Investment?

I’m watching CNBC at 11:51 am PDT.

Homes in certain markets are fundamentally under-valued, according to an economist at Zillow.com.

Historically, people pay about 40% of their income for housing. In about 40 markets around the country, the income to home value has dropped below 25%.

We’re seeing a huge surge in single-family rentals in particular and all rentals in general (about 4% this year).

If you buy a home, you won’t be able to resell it for a higher price for at least three years.

Homes are not such a great investment right now.

About Luke Ford

Raised a Seventh-Day Adventist at Avondale College in Australia, Luke Ford moved to California in 1977. He graduated from Placer High School in 1984, reported the news at KAHI/KHYL radio for three years, attended Sierra College and UCLA, was largely bedridden by Chronic Fatigue Syndrome for six years, and converted to Judaism in 1993. From 1997-2007, Luke made his living from blogging. Living by Beverly Hills (Alexander90210.com), he now teaches the Alexander Technique (moving the way the body likes to move). Lessons cost $100 each and last about 45 minutes. In 2011, Luke completed a three-year teaching course at the Alexander Training Institute of Los Angeles. His personal Alexander Technique website is Alexander90210.com. Luke is the author of five books, including: » The Producers: Profiles in Frustration » Yesterday’s News Tomorrow: Inside American Jewish Journalism
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