It was remarkable to read the headline: Fed Economist: Housing Is a Lousy Investment, especially when it was written by Federal Reserve economist at a time when much of the Fed's efforts are aimed at stabilizing the still flailing housing market. As a mortgage professional who has helped many homeowners use their home equity to accomplish a myriad of financial objectives, I feel the need to rebut the factors Karen Pence claims “make homes a lousy investment”. Today I’ll tackle factors #1 & #2— a rebuttal to factor 3, 4 & 5 to come.
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