Close X Cookies are necessary for the proper functioning of 24hGold.com. By continuing your navigation on our website, you are accepting the use of cookies.
To learn more about cookies ...
EnglishFrench
Gold & Silver Prices in
In the same category

Shiller: “Housing Not a Great Investement”

IMG Auteur
Published : February 11th, 2013
158 words - Reading time : less than a minute
( 1 vote, 5/5 )
Print article
  Article Comments Comment this article Rating All Articles  
0
Send
0
comment
Our Newsletter...
FOLLOW : Housing Market
Category : Opinions and Analysis

Robert Shiller, the Yale University professor and bubble-spotter extraordinaire who also was the co-creator of the S&P/Case-Shiller home price index was on Bloomberg the other day, continuing his recent one-man campaign to try to curb the enthusiasm of the nation’s many housing market bulls.

24hGold - Shiller: “Housing No...

When asked what sort of returns one should expect to make on housing in inflation adjusted terms over the long-term, Shiller promptly replied “Zero” and provided the following elaboration:

Housing traditionally is not viewed as a great investment. It takes maintenance, it depreciates, it goes out of style. All of those are problems. And there’s technical progress in housing. So, the new ones are better. So, why is it considered an investment? That was a fad. That was an idea that took hold in the early-2000s and I don’t expect it to come back.

This follows an op-ed not long ago titled A New Housing Boom? Don’t Count on It in the NY Times.

<< Previous article
Rate :Average :5 (1 vote)
>> Next article
Latest comment posted for this article
Be the first to comment
Add your comment
Top articles
World PM Newsflow
ALL
GOLD
SILVER
PGM & DIAMONDS
OIL & GAS
OTHER METALS
Comments closed
Subscribe to 24hGold’s daily market briefing
  • Prices and data of precious metals in 119 currencies and world mining companies
  • Daily analysis of the economy, markets and more
  • Free, daily and indispensable
Stay informed, subscribe now !
* Your email will never be shared.