Dive summary:
- Standard & Poor's shows that the answer to whether housing has been a better place to put money than the stock market, as measured by the S&P 500 Index is "yes" and "no."
- David Blitzer, chairman of S&P's Index Committee, notes that if one measures from January 1987, when the widely watched Case-Shiller 10-City index of housing prices debuted, through this February, stocks beat housing 472% to 154% in gains.
- However, should you look at the changes from the summer of 2000, when stocks hit their last high point, they are only 2% higher now, but houses are up 45% in value since then.
From the article:
When you buy matters almost as much as what you buy. ...
