Sure, maybe there's more pain to come in the housing market. But when Time magazine starts running covers that declare "Owning a home may no longer make economic sense," it's time to say: Enough is enough. This is what "capitulation" looks like. Everyone has given up.
The Sept. 6 cover of Time magazine: This is what capitulation looks like.
After all, at the peak of the bubble five years ago, Time had a different take. "Home Sweet Home," declared its cover then, as it celebrated the boom and asked: "Will your house make you rich?"
But it's not enough just to be contrarian. So here are 10 reasons why it's good to buy a home.
- YOU CAN GET A GOOD DEAL - learn more
- MORTGAGE ARE CHEAP - learn more
- YOU'LL SAVE ON TAXES - learn more
- IT'LL BE YOURS - learn more
- YOU'LL GET A BETTER HOME - learn more
- IF OFFERS SOME INFLATION PROTECTION - learn more
- IT'S RISK CAPITAL - learn more
- T'S FORCED SAVINGS - learn more
- THERE'S A LOT TO CHOOSE FROM - learn more
- SOONER OR LATER THE MARKET WILL CLEAR - learn more
Resource: Brett Arends - Wall Street Journal - Sept 16, 2010
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