New York Times published an article featuring a sell side economist, stating that "housing is fading as an tool to accumulate wealth for Americans". His major point is that your expected return on how much money you put into your housing is barely inflation. I think it is plainly wrong, and misleading. Also it is kind of ludicrous for some major media to publish something without checking the math. Seriously.
To make sure that I am not wrong in my math, I have constructed a…
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Posted on August 30, 2010 at 8:30pm
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