[kingnothing]

Historically, nationwide, housing is not an investment. The average house in the US appreciates at approximately the rate of inflation, perhaps a bit better. And you always need somewhere to live; unlike stock or a business investment, you can't sell your house without needing to buy or rent another one. Your money should be put elsewhere for investment purposes. There are certainly some hot markets where this isn't true, however.

[djhn]

But they offer 10x leverage with the right first time buyer incentives. Invest 50k, earn 4-12% in appreciation on 500k.

[brianwawok]

Or lose 10-20% or more (see Vegas 2008)

Also the average cost to sell a house is around 10%. So 10% appreciates means you walk away with what you put in.

[lbotos]

for those curious, here's Vegas data: https://fred.stlouisfed.org/series/LVXRNSA

[brianwawok]

I am shocked at how much it has recovered since the bottom.

[mvanbaak]

Yeh, ao let me tell you a story: 2008/2009 happened. My house dropped over 70k in price because crisis. So nope

[lbotos]

Did the value never recover?