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Authors :
Peck, Don
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