I was up late, and caught a little bit of the Nightline episode where they featured a “bubble blogger” in California. One of the statements he made was that housing was not a good investment compared to the stock market over the last 30 years. That line was screaming at me.
I went to Google to try and find national average home appreciation rates for the last 30 years. I wasn’t able to. I was able to find the annualized appreciation for the last 10 years though. According to S&P (warning, pdf file), average annualized returns for homes were
Soon to hit the MLS, you saw it here first…