Posted on 04/20/2011 8:43:37 AM PDT by library user
~ EXCERPT ~
The latest Rasmussen Reports national telephone survey of American Adults shows that 51% now believe buying a home is a family’s best investment. That’s down from 55% in March and from 73% in February 2009.
Only once before - in August of last year - has the belief in home ownership been this low.
Twenty-five percent (25%) of adults do not think a home is the best investment for families, while another 23% are not sure.
Just 11% of all Americans say now is a good time for someone in their area to sell their house, showing little change over the past several months. Seventy-two percent (72%) say now is not a good time to sell in the area where they live. Seventeen percent (17%) are undecided.
(Excerpt) Read more at rasmussenreports.com ...
From 73% right after 0's inauguration to 51% now. 22% drop - Muchas Gracias, Dear Leader!
Yeah, your moneys better spent on nice salon nails, cell phones and flat screen tvs.
I have ALWAYS thought that people who buy a house as an “investment” were pretty D!MN STUPID. Ya buy a house so that you, your family AND your stuff have a place to hang out, THAT’S IT, NO MORE!
Owning a home has always been an American dream, and one of the best things a person can do to attain financial assets. Now, thanks to the Democrat destruction of the housing market, that’s no longer true for a large number of citizens.
Throw the bums out in 2012...
I’ve owned 3 homes and never made a dime off any of them. That doesn’t mean I spend my time in nail salons.
with all the workers in govt making millions, they should ask the same about the second or third home
/sarc
It’s not an investment, it’s a durable consumer good.
86% believe the best investments are measured in caliber.
How DARE you speak such heresy?! Go back to the TEA party, you knuckledragger! ;-)
You entirely missed the sarcastic point.
Its my home. I’ll die here unless I move to the north.
Beautiful. As this number drops, I will know we are reaching a bottom. People always see in hindsight, so people will be completely caught off guard by a housing recover. I’m not saying it will be soon or strong. I’m simply saying that group think is always wrong. Just as the group think concurred that “house prices always go up” a year or two before the housing bubble collapsed, so the group think will concur that “housing always sucks” a year or two before the recovery.
People aren’t stupid but they sure act that way much of the time.
A home should be for a roof over your family’s head, not for profit speculation based on federal reserve induced monitary bubbles.
“Yeah, your moneys better spent on nice salon nails, cell phones and flat screen tvs. “
At least you own those :). You have to pay rent to the government on ‘your’ house, or they sell it to get their taxes. And of course if the grass is 1/8th of an inch longer than the latest specs they might even arrest you.
If they get rid of the mortgage-related tax deduction, the benefit of owning over renting substantially decrease.
So what is a family’s best investment? Hiring a K Street lobbying firm to try and keep the government off their a*s?
A home is not an investment. It is a place to live. If you think that housing prices are going to get anywhere near the highs in the next 15-20 years, you are crazy. Inventories are massive. That leaves a lot of home sellers that bought in the last 6 years screwed. I am in the Real Estate business and this investment idea is one reason why the housing market is in the toilet. Pulling from lines of credit on your house to put landscaping and granite counter tops made peoples investment in their homes far more than it's actual worth. That is why so many are upside down now.
For many, salon trips and a flat screen would have been far better investments than installing the heated kitchen floors.
Owning your own home is still the best investment because it’s rent-free living in a nice, spacious, known location once it’s paid off.
To rent a place of equal quality would probably cost most of us in the neighborhood of 1000+ per month. Once paid off and near the end of one’s working years, NOT having that payment each month will be the equivalent of an annuity paying each month a thousand bucks, which is what you’d have to pay to rent. (More with inflation.)
How much money do you have to have banked to draw a 1000 a month for up to 30 years? Just simple math without accounting for inflation says it has to be in the neighborhood of 360,000 dollars.
Owning a house is the equivalent of having something like a 300,000 dollar annuity when you retire.
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