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Don't Bank On Your Home as an ATM

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"The economic fundamentals that drove home values up in the 20th century -- sustained growth in incomes, population and household wealth -- have been sputtering for decades," the LA Times observes. "Though the future isn't necessarily bleak, economists say there's no reason Americans should continue to see a home purchase as a path to wealth."

"We can no longer assume that housing will be as good an investment for the future as it has been," said Robert Reich, public policy professor at UC Berkeley and U.S. Labor secretary in the Clinton administration.
SOURCE:   L.A. Times