VIDEO ON MSN MONEY
I don't agree that a house is not an investment. Sure, if you factor in how much it costs to own over a long period of time, the return on your money is abysmal, if not even perhaps negative. However, the cost to rent over that same period of time will exceed the amount of money you paid to own (in almost all cases) and leave you with nothing but hundreds of thousands spent with nothing to show for it in the end. Since you have to live somewhere, a house turns out to be a pretty dang good investment!
Key term being "LONG PERIOD OF TIME" before you start bashing me. So this doesn't hold true if you have to move in less than five years or if you buy something in an area with exceptionally high housing prices in relation to rent prices. You have to do your homework.
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