What do you think?
When the housing market recovers (and it will), do you think it will still be a wealth builder as it once was? That was the question posed in a New York Times article this morning ('Housing Fades as a Means to Build Wealth, Analysts Say'). As usual, some poo-poo the idea, and it certainly makes for a good story to get more people buying blood pressure medicine.
Like many of you and your clients, we own some residential and apartment rentals and are counting on them for retirement income, tax shelters, and capital gains. Maybe the bigger questions arise around the idea of 'Compared to What?' Where else do you go? Diversify is always smart, I say.
If you want tangible property to see, feel and smell, real estate and dirt is still a great option. At the worst economic times, a garden and a place to stay works for many.
What Say You?
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Bryan Watkins sells real estate in Mesa, Gilbert, Chandler and Tempe Arizona. Want to SEARCH the Official MLS for FREE just the same as an Agent? Now you can at www.LRARealEstate.com today.
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