US Home Prices Falling Off a Cliff

So – to the point of why housing shouldn’t be considered as part of an investment portfolio, a recent study shows US housing prices plummeting. This is something that all of us know, and the Year-to-Year number (down 7%) isn’t that bad, but it does show that housing values can be volatile, and given that housing is such a large chunk of most people’s expendable incomes, and their inherent illiquid nature, it illustrates the pitfalls of using housing as a cornerstone of a financial strategy. The image is from the Wall Street Journal.

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