David Bach: More good reasons to buy a house now

Back in the glory days of 2005, David Bach came out with his book The Automatic Millionaire Homeowner: A Lifetime Plan to Finish Rich in Real Estate. In it, he argued that owning your own home is "as close a financial no-brainer as you can get." Over the past couple years, millions of families have witnessed the risks that can come with real estate ownership, but like Mr. Bach, I remain a long-term bull (See my piece Why Real Estate Is Still a Good Investment). I had a chance to talk with him by phone about where the real estate market is, where it might be headed and why now, more than ever, is a great time to buy real estate.

WP: In your books, you argue that real estate is one of the best investments people can make. Do you still believe that that is the case, and how has the recent foreclosure crisis and housing downturn impacted that view? A lot of people are skeptical right now. Make the case for home-ownership.