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MarketWatch is Telling you That Real Estate is the Best Investment for the Decade — Here’s why Their Reasoning is Flawed
When mathematics and statistics are stretched beyond reality
Buying real estate has been the key metric for solid investing since the beginning of financial advising.
It’s an adage that has crossed into every single generation without scrutiny and with wide acceptance.
Marketwatch recently told its readers that, according to Ben Carlson of Ritholtz Wealth Management, “There is a real possibility real estate could be one of the most dominant assets of the 2020s.”
He lists four reasons to back that conclusion. Let’s go over them, one by one.
Millennials should buy their first homes.
This is an ironic point double dipped in the irony of the opening chart in the article.
This was the opening chart. The U.S. homeownership rate is sky-high. Yes, it might hold for the future. However, in the past, when we’ve seen homeownership skyrocket, we haven’t seen it follow up…
