Is Buying A Home A Bad Investment? : Planet Money Home ownership used to be a central pillar of the American Dream. Today, maybe not so much.
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Is Buying A Home A Bad Investment?

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Is Buying A Home A Bad Investment?

Is Buying A Home A Bad Investment?

Is Buying A Home A Bad Investment?

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Home ownership may no longer be the hallmark of the American Dream.
Bob O'Connor/Getty Images

Home ownership was once the mainstay of the American Dream. And home ownership — for those lucky enough to be able to buy a home — paid off for many years. That was particularly the case for people who bought their homes in the fifties and sixties, who saw substantial gains in the value of their primary asset for decades.

Housing has never been a sure-fire investment, but the implosion of the housing market in 2008 has diminished its allure. And its potential. So is buying a home still a good investment? Or should we be renting instead? Jill Schlesinger, CBS business analyst and author of "The Dumb Things Smart People Do With Their Money," explains.

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