Housing in Ten Words: The Baseline Scenario
The ten words are, "Housing fades as a means to build wealth, analysts say," and it is the title of a New York Times article. They say, "Many real estate experts now believe that home ownership will never again yield rewards like those enjoyed in the second half of the 20th century, when houses not only provided shelter but also a plump nest egg."
And I think they are right. Buying a house was like getting on an escalator. All you had to do was wait, and up you went. No longer. Take a look at the graph of housing prices.