The answer is both “yes” and “no.” Given significant transaction costs for getting into and out of a property, owning residential real estate can be an expensive choice, especially if your holding periods between…
Updated by Michele Lerner
The answer is “yes”, or even “maybe” or “it can be”, usually modified by “but not right away, if ever.”
All things considered, an “okay” house in a great area will likely produce the best financial return. However, residential real estate decisions aren’t made in a vacuum and there can be tradeoffs (this creates the concept of “value”).
