Homes as Investment
- Share via
An article (Feb. 28) says that home ownership is a sound investment based on an assumed inflation of housing values of about 4.5% a year over the next 30 years plus tax and interest deductions.
Does this also hold true at the 9%-10% mortgage interest rates that most home buyers seem to be paying for 30 years? Is this irrelevant? I am confused.
G. LUPAYNE
Downey
Editor’s Note: John Pfister, a Chicago Title Insurance Co. vice president said that figures were based on the Home Buyers Survey of 1987, when mortgage interest rates averaged 10.4%. He said that when mortgage rates go up or down, this also is reflected in interest rates paid on savings accounts.
Inside the business of entertainment
The Wide Shot brings you news, analysis and insights on everything from streaming wars to production — and what it all means for the future.
You may occasionally receive promotional content from the Los Angeles Times.
