Any Realtor who wrote this post at The Simple Dollar would be creamed.  At one time the bubble enthusaists would rip me up one side and down the other for saying, “First of all, the problems in the housing market are not due to home ownership.”

Now that the bubble has burst, tempers and opinions aren’t as heated but I still think a Realtor would get smacked upside the head for even hinting that real estate is a good investment.  But – dare I say – it is.

I’ve been smacked around before so I’ll go on.  Real estate is a long-term investment.  It’s your home – your shelter.  You have to live somewhere.  Why not invest in it – get some equity – have pride – have community.

We all got greedy.  It wasn’t just the lenders making those ridiculous loans.  Somebody – a lot of somebodys – signed on the line.  The credit card companies didn’t create all that debt by themselves.

Real estate is cyclical – about 7 to 10 years per.  So we’re likely to be visiting this place again.  Hopefully we’ll all be a little more prepared – but probably not.

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