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Which Would You Buy: Apple Stock or a Home?

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Buying a Home Vs. Apple Stock - Photo by Bruno J. Navarro

In 2002, if you had purchased Apple stock instead of putting the same amount of money into a house, you’d have almost $10 million right now. — “Why Apple Stock Is Better Investment Than a House,” CNBC.com, March 6, 2012.

NEW YORK — Time travel has always fascinated me, so I appreciated an article looking at the historic performance of Apple stock versus buying a home.

An excerpt from the article uses the average cost of a house from a decade ago.

For example, the typical American home cost $228,000 in 2002, according to U.S. census data. With that money, you could have bought 18,704 shares of Apple at their price a decade ago of $12.19 a share.

Today, that home is worth $280,000 and that Apple holding is worth $9,969,232.

Clearly, buying shares of Apple would’ve been a phenomenal bet.

Of course, today a single share of Apple would cost more than $500.

Were it possible to turn back time, I’d create a to-do list that would include investing in the little computer company that could. But then again, so would buying one of the magnificent Brooklyn brownstone mansions in Park Slope or Greenpoint — or perhaps my favorite Clinton Hill mansion.

I’m no stock market whiz, but I do know there is no such thing as a sure thing. (If you know of one, please let me know!) So, absent a time machine I would still opt what Warren Buffett would do and bet on housing.

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  1. […] In case you were wondering, that’s about six shares of Apple stock. […]


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