Houseonomics

Why Owning a Home Is Still a Great Investment

Don’t be misled by the sub-titles. This 214-page book devotes very little attention to the subject it vows to take up on its front cover. What you will find instead is a how-to-sell-or-buy-a-house guide.

The book has been published in the backdrop of a slumping US housing market and sub-prime mortgage crisis. Given such circumstances, the avid reader would have somehow expected this theme to be given its due share of discussion. You will be disappointed if this is what you anticipated.

Fiscal discussions are shallow at the very most. The authors have not gone past “because you will save money on rents” as the main reason why one should buy a house. The rest of the book dwells on real estate jargon and numbers to make up the rest of the remaining pages. Somebody should have shelved this under the DIY section instead of the investment section.