Buying a home has got to be the best investment you can possibly make. Just look at these numbers. I could only check back as far as 1991, but I do know that nationally, 2007 was the first year ever that the median price of single family homes decreased since they starting keeping records in 1950. And that was only by around 1.5%.
yr median
1991 $82,755
1992 $85,900
1993 $92,500
1994 $93,500
1995 $96,500
1996 $98,000
1997 $109,650
1998 $123,500
1999 $135,000
2000 $144,900
2001 $154,244
2002 $161,000
2003 $169,900
2004 $183,066
2005 $202,000
2006 $214,010
2007 $217,000
That is incredible. Nothing more needs to be said. If you don't own a home, you are missing out on probably the biggest opportunity to increase your net worth that is available to you.
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