Do you consider your home a great investment? Think again

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Do you consider your home a great investment? Think again investinyou (In partnership with acorns.)

The price appreciation of a house is "pretty modest," said Jonathan Clements, editor of HumbleDollar.com.Most homeowners aren't keeping up with inflation after costs are factored in, and some are underwater, he says.But one thing it is not is a great investment, according to Jonathan Clements, editor of HumbleDollar.com and author of "How to Think About Money."

Freddie Mac is forecasting home prices will grow 3.6% in 2019 and 2.6% in 2020. According to the latest figures from the Labor Department, the inflation rate as tracked by the Consumer Price Index is"You put it all together and most people are not keeping up with inflation after costs, and they may even beIt's something Ryan Guina knows about.

In 2019, they sold their home in the Chicago area for $3,000 less than they paid. However, Guina said their losses were actually closer to $25,000, when upgrades and the cost of the real estate transaction were factored in.

 

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