The single family home is the American dream as it is yours ( yours and the banks). Homes have always gone up in value until December of 2007 .
In today's economy , it is debateable whether renting and building a huge cash account or being strapped with buying a home is better. When you buy a home , that is just the tip of the iceberg.There are taxes,maintenace,insurance,higher utility bills and more which most homeowners do not seem to factor into the equation.
Since most Americans do not have the self control to save money ,I guess it really does not matter.From experience ,
0 I would rather see someone buy 5-10 acres of land outside the core and put a doublewide or modest home on it and wait .
Yeah ,I know all about having to live in a compound where your young children can have a million friends or convenient baby sitters etc. but living outside has so many benefits that I don't have time to mention them.
I do know that it is going to be a long long time before housing returns to be the nest egg most people dreamed of but land will continue to go up.
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