As we know, a home is an appreciating asset–it’s worth increasingly more the longer you have it. That has been the case for years, but it looks like it might be changing. Where a home used to be considered an investment as well a place to lay your head, economists are moving away from that perspective.

The Bubble Popped, And Has Yet To Be Repaired.

The New York Times reports that the housing bubble that expanded from the 1970s to the 1990s is unlikely to be replicated in the near future, and that recovering from the loss of housing value–about $6 trillion–will take at least 20 years. Economists estimate that homes purchased in the present and future will appreciate enough to keep up with inflation, but that they won’t turn the massive profit seen in recent years.

Full story is available on seattlepi.com