It may be time to look at real estate for its investment benefits. NOW is a great time to buy! With so many properties to choose from, buyers have more strategies to choose from. Here in Cadillac, MI there are more foreclosures availabe for sale than ever before, many single family homes, even multi-family homes & with interest rates still at an all time low housing is much more affordable. In the last year I've been selling homes for $6,100, $12,500, $13,000, $14,500, $20,000 even $21,000 for a 3 bedroom with a pole barn & 10 acres! Unbelievable prices!!
A home can hedge against inflation & usually tends to appreciate over the years providing you paid the "right" price, not too much at the time of purchase. Owning a house can help with wealth building, enhance your credit score & may be used as an asset to finance buisness ventures, college tuition, even retirement. Some people say paper investments (like mutual funds) don't have to be painted or maintained, but you can't live in them either. It's a great time to buy real estate!
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