WHAT HARRY SAYS: There is a possibility that his take has some truth to it. However, the adage is still correct: Never put all your money in one basket, no matter how good the basket. Warren Buffett would disagree, because almost all of his vast fortune is in Berkshire Hathaway. But Berkshire's investments are so diversified, that the adage hardly applies. Certainly, some of your investments should be in real estate. There's nothing wrong with having real-estate mutual funds in your pension portfolio or your personal portfolio, but buying a larger home as an investment is quite a bit too far. Homes-as-investments have failed miserably since the bust a few years ago.
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Write Harry Gross at the Daily News, 801 Market St., Philadelphia 19107 or email harrygrossDN@gmail.com.
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