The Economist Who Just Won a Nobel Prize Thinks Owning a Home Is a Terrible Investment It's a 2013 Article that just popped up on my feed, hindsight is always a great thing, so it's intertesting took backwards and well as forecast forward Well, human thinking is built around stories, and the story that has sustained the housing boom is that homes are like stocks. Buy one anywhere and it'll go up. It's the easiest way to get rich... It can't be true that homes rise 10 percent a year. If they did, in the long run no one would be able to afford a house.