Views On “Robert Bridges: A Home Is a Lousy Investment”
A home improvement tips is not now and never will be an investment. It is one of the three necessities of life: food, clothing and shelter. The advantage of a home – purchased in a non bubble economy – is that it provides shelter and equity. Rentals provide endless rents.
Yes a home can be foreclosed. But, a renter can be evicted.
This is a lot like the idea of elimiinating food and fuel from core inflation but including electronics. Moore’s law states that as the power of electronics doubles the relative cost decreases. So, you can buy an iPad 2 for less than an iPad 1. But, you can’t eat an iPad.
And, yes, stocks are a better investment than a house. But, you can’t live in your portfolio.
