5 myths about buying a home

From housing bubble to foreclosure crisis to somewhere in between, the housing market has changed dramatically over the past decade - and so have many of the rules of homebuying.

CNNMoney compiled a list of once commonly believed myths that no longer apply.

1. Buying a home is a great investment.
2. Buying is always better than renting.
3. The three most important factors are location, location, location.
4. Buy the worst home in the best neighborhood.
5. All real estate is local.

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