Home Ownership Might Not Be Much of a Money Maker Long Term

This wealth manager crunched the numbers and it looks like owning your own home is not a wealth builder but mostly a store of wealth.

McBride crunched the numbers in a pre-bubble era (2004) for a home purchased at $200,000 by a buyer in the 27 percent marginal tax bracket. Factoring in a 30-year mortgage, $1,200 in annual home insurance, closing costs of $5,500 and maintenance costs of $100 a month, along with property taxes, he calculated that it would take a selling price, 10 years later, of $395,404 just to break even. His conclusion gave Arzaga's view credence: "Homeownership may not be the moneymaker you think it is." 

So your house would nearly have to double in order for you to make your money back. That is a 9% gain each year or you will be falling behind. I wonder what this breakdown would be for owning an apartment?