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	<title>pligg - published -stupid people-</title>
	<link>http://www.housebubble.org</link>
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	<pubDate>Mon, 12 Mar 2007 22:48:12 MDT</pubDate>
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		<title><![CDATA["Your Home Isn't the Investment You Think It Is"]]></title>
		<link>http://www.housebubble.org/story.php?title=Your-Home-Isnt-Investment-You-Think-It-Is</link>
		<comments>http://www.housebubble.org/story.php?title=Your-Home-Isnt-Investment-You-Think-It-Is</comments>
		<pubDate>Mon, 12 Mar 2007 22:48:12 MDT</pubDate>
		<dc:creator>Asder</dc:creator>
		<category>stupid people</category>
		<guid>http://www.housebubble.org/story.php?title=Your-Home-Isnt-Investment-You-Think-It-Is</guid>
		<description><![CDATA[The Wall Street Journal writes this warning to those planning to live off home equity in their retirement: &amp;quot;Planning your retirement? Don't bet the house on it.Your home means a lot of things to you, most of them good. Your home gives comfort and protection to you and your family, and it could well embody all your material hopes and dreams.But houses have become much more than just places to live. Your home is probably your biggest asset, and the price you could ask for it today is almost certainly much higher than what you paid for it back whenever.As a result, houses have become substitute credit cards, as profligate owners borrow their equity to finance everything from cars to vacations. Among thriftier owners, the equity they have built up in the family home has become a vital part of retirement planning -- a &amp;quot;fourth leg&amp;quot; of the now-unstable &amp;quot;company pension/personal savings/Social Security&amp;quot; stool that was long the model for a financially secure old age.Unfortunately for both groups, however, houses are not very good investments. For the grasshoppers, there's nothing quite as stupid as paying off your 2002 trip to Orlando in 2032, when you finally settle up your refinanced &amp;quot;cash out&amp;quot; 30-year mortgage. And for the ants, economic studies have demonstrated over and over that houses (1) cost more than most people make when they sell and (2) rarely match the long-term returns of stocks or other investments.And that's doubly true today, with much of the U.S. well into a real-estate recession.&amp;quot;Full Article at wsj.com &nbsp;&#187;&nbsp;<a href='http://online.wsj.com/article/SB117329581356629863.html?mod=mostpop'>original news</a>]]></description>
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