home mortgage: Buying a home? Consider using an ARM to Save LOTS of Money
- 07/15/11 07:10 AM
Buying a Home? Consider using an ARM To Save Lots of MoneyLast week, (July 11, 2011) the Wall Street Journal printed an article entitled "A Home is a Lousy Investment". The basic premise was that $1 invested in a home in 1980 would have grown to $2.98 in 2010. That same dollar in the Dow Jones would have grown to $11.49 in 2010. At no point during the 30 year time period would the dollar invested in the home outperform the dollar in the stock market. Does this mean you shouldn't buy a home? NO. But you do need to evaluate … (3 comments)
Buying a Home? Consider using an ARM To Save Lots of MoneyLast week, (July 11, 2011) the Wall Street Journal printed an article entitled "A Home is a Lousy Investment". The basic premise was that $1 invested in a home in 1980 would have grown to $2.98 in 2010. That same dollar in the Dow Jones would have grown to $11.49 in 2010. At no point during the 30 year time period would the dollar invested in the home outperform the dollar in the stock market. Does this mean you shouldn't buy a home? NO. But you do need to evaluate … (3 comments)
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