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Don't Fall Victim to These 5 Wall Street LiesMarch 24, 2009 By Keith Fitz-Gerald, Contributing Editor, |
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Wall Street Lie #4: Your Home Is an Investment
Actually, it's not.
A house is really a roof over your head that shields you from being priced out of the local rental markets.
Or, at worst, it's a money pit that provides you with the illusion that you're doing something sensible with your hard-earned money – despite the fact that an entire industry would have you believe otherwise.
Research shows that since 1900, home prices have run sideways or declined for long periods of time. What that means is real estate hasn't been the golden investment everyone claims it is.
Sadly, millions are learning the hard way right now that real estate can, and does, lose value.
NEXT: Wall Street Lie #5




