Conventional wisdom says our own homes are a great place to invest money because the value of a house will inevitably appreciate. One of Robert Shiller’s most eye-popping findings actually says quite the opposite: Historically, between 1890 and 1990, the actual rate of return on owning a home has been virtually non-existent. We think housing is a great investment. Shiller says it’s not.
Thanks to listener Alex Budilovsky.