I read this article and it really resonated with me. As a current renter and former homeowner who lost money on a home in the past, I think this article hits the nail on the head. Granted it was a limited study, but the results have some value.
http://www.cnbc.com/id/46413058
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It's definitely not an investment to make money on, especially if you take all 30 years to pay down a loan.
Some of the other people quoted in the article have a better view of home ownership IMO though.