You%u2019ve heard it so often you can probably repeat it in your sleep: Equities are the best protection against inflation. But academic research establishes clearly that it just isn't so: Stocks aren't a good hedge against inflation at all, particularly high inflation.
It's easy to forget, given all the success stories of people who've gotten rich in real estate, but you have to remember: Your house is not an investment. Money can be made in real estate, but you're better off considering these investment vehicles than buying property directly.
America reached a milestone on Thursday: the lowest home mortgage rate in history. But at the same time as this astounding announcement, The Wall Street Journal reported that U.S. home ownership declined 1.1% over the past decade, the biggest drop since the Great Depression. What does it all mean for homeowners, home shoppers, and real estate investors?