Now They Tell Us: Experts Say Housing Is A Lousy Investment And Always Will Be

From this Yahoo Finance article:

Well, the experts are weighing in again. And, once again, they agree: Housing is a lousy investment. And it always will be.

But wait. Just a few years ago, weren’t the experts saying that housing was always a great investment? That house prices would always go up?

Yes, they were.

One thing you can be sure of with respect to market punditry is that experts will extrapolate recent trends into the hereafter. As will most people, actually. That’s why, no matter how many times markets overshoot, people get burned.

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