Originally Posted by Mellow Johnny
This is a myth. Home ownership generates a marginal return historically. This can be confirmed by a mutlitude of sources. Certainly not the "best" investment you can make on average over the long haul.
I wrote that a home was one of the best values you can own, not investment. A hammer offers great value to a carpenter but little value to a dentist, I think we all can agree that it represents a terrible investment (based on % of return) for anyone.
I will agree that homeownership is not for everyone. I will also agree that one can make much higher rates of return on many other investments.