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I hear you, but your home is still a lousy investment [USA TODAY]

NEW YORK TIMES (NYT)  More Company Research Source: USA TODAY
Last new york times earnings: 8/8 08:30 am Check Earnings Report
US:NYSE Investor Relations: investors.nytco.com/investors/default.aspx
PDF CLOSE After divorce left her homeless, Barbara Gorman never imagined she could be a homeowner on her own. See how Habitat for Humanity made it possible through their new Tiny House design. VPC A for sale sign is seen in Miami. Home ownership is no longer the issue on the campaign trail it once was. (Photo: Joe Raedle, Getty Images) CONNECT TWEET LINKEDIN COMMENT EMAIL MORE Home must be where the heart is, because my Feb. 19 column on homeownership being a lousy investment annoyed readers mightily. I may as well have spit on motherhood, apple pie and the girl next door.  But my basic point remains true.  Readers’ biggest gripe: What about rent? Overwhelmingly, folks believe owning is cheaper than renting. And they believe that buying, via mortgage payments, transfers “wasted” rent into an investment. Wrong and mostly wrong.   First, almost none of your monthly mortgage payments apply to equity for many years. In my co [Read more]

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