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Bad Reasons to Buy a House

Homes depreciate "over time while it grows in market value..."

By Ian Cooper
Tuesday, February 19th, 2008

You'll love this.

According to Blanche Evans, editor of Realty Times:

"It's high time we told buyers (and sellers, for that matter) the truth about whether a home is a good investment.

Despite what Wall Street wants you to believe, owning a home isn't the same kind of investment as stocks or bonds. What you get is a USE asset that depreciates over time while it grows in market value. All you have to do is keep the home in good repair to maximize your investment."

"Depreciates over time while it grows in market value"?  Huh?  I think my brain just exploded.

Here's more of her "genius."


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