Back to Search
Start Over
Pffffttt.
- Source :
-
Atlantic Monthly . Jul/Aug2005, Vol. 296 Issue 1, p48-49. 2p. 1 Graph, 1 Map. - Publication Year :
- 2005
-
Abstract
- The article reports that while nearly a quarter of the homes bought in the United States in 2004 were investments, not residences, real estate is generally a poor way of generating return on investment. A chart created by economist Robert Shiller suggests that people overestimate returns on home purchases. From 1890 to 2004 real home values rose by an average of only 0.4 percent a year. The chart also shows that the current boom is almost unprecedented historically.
Details
- Language :
- English
- ISSN :
- 10727825
- Volume :
- 296
- Issue :
- 1
- Database :
- Academic Search Index
- Journal :
- Atlantic Monthly
- Publication Type :
- Periodical
- Accession number :
- 17233663