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Carrick on money: Why houses make for bad investments

The best of the web on money, markets and all things financial, as chosen daily by Globe and Mail personal finance columnist Rob Carrick.

I now pronounce you man, wife and debts
How a pair of newlyweds managed to reduce their combined debts by $52,000 in 18 months. More interesting than the debt cutting is the fact that this couple didn't discuss their sizeable debts until after they were married. What other secrets might they have?

Shooting down the idea that a house is an investment
Robert Shiller, the economist who called the U.S. housing bubble, trashes the concept that there's an investment aspect to owning a home. Housing "takes maintenance, it depreciates, it goes out of style," Shiller says here. "All of those are problems.And there's technical progress in housing. So, new ones are better."

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These numbers call for caution on stocks
This indicator suggests the stock markets could be vulnerable to a pullback.

All about food fraud
Olive oil, honey and four other foods that might not be as pure or authentic as you think.

More money
Join the 20,000+ people who subscribe to my Facebook personal finance community for talk about investing, retirement, real estate, banking and other financial matters. I'm also on Twitter.

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About the Author
Personal Finance Columnist

Rob Carrick has been writing about personal finance, business and economics for close to 20 years. He joined The Globe and Mail in late 1996 as an investment reporter and has been personal finance columnist since November 1998. Rob's personal finance columns appear in The Globe on Tuesday and Thursday, and his Portfolio Strategy column for investors appears on Saturday. More

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