You might ask why Real Estate is a better investment than most, and there is one resounding clear answer. You can use it everyday! You cannot do that with stock certificates.
Here in Falmouth, MA where I Sell and List Real Estate (www.peterhawley.com) I am asked by many Buyers, is this the right time to purchase a property? There are many factors to be considered when I answer that question. Is it a good time to buy and try to flip for a quick profit? No! Is it a good time to buy a property where I can raise my family, have a fixed cost other than my insurance, taxes, and energy? YES!
Home ownership is not just an investment of dollars; it is the investment in how we choose to live, how we choose to interact with our community, our friends, and our families. It is our space where we surround ourselves with what we feel is beautiful, where we are often most comfortable where many say we are more "ourselves".
You are investing dollars no question, but you are building equity, you are building for the future, and when you look at owning from the perspective of "cost of use", you have made the better investment.
Great thoughts! I think the market just dropped another 400 points today...
Logan Utah Real Estate