By Rob Basso on
4/13/2011 11:12 AM
I just read an article on msnbc.com about how Americans view home ownership. Despite an excruciatingly hard few years for the housing market, an unsurprising amount of Americans still believe that owning their own home is the best long term investment they can make.
We’re all familiar with the housing boom of the 90’s and early 2000’s, after which the mortgage crisis pulled home prices down almost 30% nationwide, with hundreds of thousands of owners losing their homes. However, according to the survey results generated by the Pew Research Center's Social and Demographic Trends project, 81 percent of adults believe "buying a home is the best long-term investment a person can make." The results were typical of the US housing market; nearly half of all homeowners stated that their home is worse less now than before the recession, with the overwhelming majority saying it will take at least three years for values to regain enough ground to make back their losses, while nearly half say it will take at least six years to recover....