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.
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.