Pessimists are implying that the housing market will never get any better and housing will always be a lousy investment.
Are they right? Of course not, say experts at the Motley Fool finance Web site.
In fact, the Fools predict that pretty soon housing will be a great investment because prices will have fallen to the point where homes are cheap.
Then as now, the Fools say the key to buying a home that is a good deal will be:
• Don’t overpay
• Buy what you can afford
If the price goes up, great, the Fools say. If not, buyers will be OK because they have picked a great place to live.
Source: The Motley Fool (08/23/2010)