The result of decades of propaganda
November 22nd, 2010 - 70 Comments
“About 84% of the respondents…said owning makes more sense than renting, consistent with earlier surveys.”
The push for Americans to own real estate has been so systematic, so deeply embedded, so endorsed (by multiple presidents and the duplicitous NAR) that no matter what counter-evidence is presented, a majority of Americans will always believe real estate is the best investment they can make. It is an invisible script, perhaps the most sacred financial cow of all.
Real estate can be a worthwhile investment. But not nearly as often as you think.
I’ve put together a comprehensive rebuttal on my Buying a House page.
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