Historically, the nominal prices of homes has followed the overall rate of price inflation.
If you (anybody) are concerned about price inflation then why not borrow to purchase a home now when prices and interest rates are lower and the dollars you use to pay it back in the future will be worth less?
Because of the uncertainty surrounding property taxes, utilities, wages and household deductions. The first two are rising and it appears that they will trim household deductions further. A home isn't an asset any longer in certain regions, but rather a millstone tied around one's neck.Quote:
Originally Posted by Zippyjuan
Just to repeat- as a renter, you don't avoid any of those costs either.Quote:
Originally Posted by AuH20
Good secondary top sheeple indicator.