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The fact that Americans still financially fetishize homeownership baffles me. Never mind that so many people lost their shirts (among other possessions) in the recent housing bust.

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Yet Americans still think it’s financially savvy to dump all their savings into a single, large, highly illiquid asset.

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Americans are buying more house than they need or, in some cases, derive pleasure from. That incurs maintenance costs for the homeowner,...


OK, so don't forget to diversify your investments, and remember to buy what you need vs what you want but can't afford. If you keep these things in mind, how is "home ownership (automatically) not a good investment?" People lost their shirts because they treated real estate purchases like the internet company investments that had no numbers logically dictating their purchase. You can't invest in any asset class without proper due diligence and smart numbers tilting the risk in your direction. Unfortunately many did and they dragged down with them those who spent their real estate dollars more wisely. That does not mean that wise real estate investments can't be made, particularly over time.

IP
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