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Homes are a bad investment... plain and simple. Between the consistent votes to over-ride Prop. 2 1/2, all the other taxes, insurance, repairing/replacing roofs, potential liability, volatility of the market outside of anyone's control (up and down), crime/scum spreading to random areas and did I mention taxes - there's just so much that can go wrong and so many better ways to invest that money.
In some of the areas here, you can rent a house for less than a mortgage and without all the liability. Hot water heater dies or the septic needs to be replaced? Not my expense.
The lady and I are buying a house and, unless we find something undervalued, neither of us would consider it an "investment". It will be nice to own our home and not have landlords to deal with, but just as I wouldn't buy a used truck as an investment neither do we consider a house one. Now-a-days, a house is a luxury purchase.
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