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Is Homeownership a Good FINANCIAL Decision?
February 13, 2013Posted by on
Many have reported on Robert Shiller’s recent comments on the investment aspect of home-ownership. Shiller, a Yale professor and co-founder of the Case-Shiller Home Price Index, is famous for making provocative comments on house prices and the financial benefits of owning a home. In a recent Bloomberg Television interview, Shiller responded to a question about home-ownership as an investment this way:
“So, why was it considered an investment? That was a fad. That was an idea that took hold in the early 2000′s. And I don’t expect it to come back. Not with the same force. So people might just decide, ‘Yeah, I’ll diversify my portfolio. I’ll live in a rental.’ That is a very sensible thing for many people to do.”
To read the three FINANCIAL reasons to purchase a home by the KCM Blog, click HERE.