Should You Buy or Keep Renting?
(LA Times) — Housing isn’t the investment it used to be. Or is it? Certainly if you bought at the peak of the housing boom — say, 2004 or 2005 — it isn’t. But most people who took the plunge more recently think it is. In fact, 85% of a sample of folks who bought houses in the 12-month period from July 2009 to June 2010 view their homes as sound financial investments, according to a recent National Assn. of Realtors survey. Nearly half the 8,500 buyers and sellers polled consider their homes a better investment than stocks, while 3 in 10 say housing is at least on par with stocks. And the findings are roughly the same across all subcategories: new home or existing, first-time buyer or repeat offender, single or married, male or female.
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