Real Estate is still one of the best, most stable long term investments. The media has a seemingly endless run of bad housing news that can become discouraging, but they always forget the under-lying fact; real estate has always increased in the long term. Here is a historical indication of the rise in home values during the last century:
1890's - 0.53%
1900's - 1.40%
1910's - 3.30%
1920's - (-0.70%)
1930's - (-0.45%)
1940's - 8.16%
1950's - 2.67%
1960's - 2.57%
1970's - 8.12%
1980's - 5.86%
1990's - 2.84%
2000's - 9.27%
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