The NY Times is finally catching up to something I've been saying for the last couple of years: owning a home is not a good investment. It is not necessarily a bad investment, but don't be fooled into thinking that home prices always go up, or that you will even be able to get out easily.
Those of you who bought houses in 2004-2006 could very well have to wait 15 years before you are in the black again, and that's negating the interest paid. Homes can and do depreciate; just ask someone who bought a condo in a building that's gone to shit, or someone who bought a trailer. Its just that now this attribute has crawled up the ladder.
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