Own or Rent? Your Home as an Investment
This month I want to bring together two recent analyses we’ve done on home ownership. The first looks at whether homes are good long-term investments. During the heart of the economic winter, in April 2010, I argued in this post that there are better investments than buying a home. Rather, the almost universal urge to own a home is about satisfying our hard-wired need for “shelter” – a cave that’s secure from marauding creatures (and humans), where we can paint our dreams on the walls without worrying about the landlord. ... Additional Details
Today’s NY Times front page article on the effect that San Francisco’s tech boom is having on economic diversity in SF is tough reading for those of us who earn a living in real estate. Who wants to read that a 98 year old woman is being evicted from her rent-controlled apartment or that a founder of Galeria de La Raza and his partner, who is battling cancer, are being evicted from an apartment that they’ve occupied for decades?