[BetaSteve]

To give you a little background, I moved to the DC area about four years ago for a job. I am traditionally from the midwest and have been astounded by real estate prices here. I have always been a renter and I have toyed with the idea of finally purchasing some property.

I came across this link and found it very hard to argue with, especially regarding real estate in the DC area.

http://patrick.net/housing/crash3.html

It really seems like it is better to put your money in some passively-managed index funds over buying a home.

[durangotang]

James Altucher: The Great American Myth: A Home is a Waste of Money

Now James is from NYC, so his perspective is different than say someone who has land and a house. I appreciate owning your own castle, so to speak, but this is an interesting article to read to give you a different perspective.