Home Is Still A Good Investment
There is a saying that the easy way to riches is to own Real Estate. I still strongly believe that, despite the media bashing of how poor the real estate market is.
It is true that we have had several years of sharp price declines and many home owners have lost their equity and their homes. The fact remains that the typical seller who purchased a home eight years ago experienced a median equity gain of $33,000- a 24% increase- while sellers who were in their homes for 11-15 years saw a median gain of 40%. That's according to National Association Of Realtors latest survey of home buyers and sellers.
85% of recent home buyers see thier home as a good invesment, and nearly half think that investment is better than stocks.
If you really think about, the majority of wealthy people own real estate, and that is the reason why they are wealthy. One cannot get rich by saving 10% in their savings accounts, ands statistics show that very few save in the first place. How is your credit card balance versus your saving account?
So I say, buy a home or real estate ASAP! It is the best investment around. If you cannot buy right now for whatever reasons, there are a number of ways to start saving and preparing for that purchase. It is the Amercian Dream to own a Home.
Cheers.
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