This report come from http://www.simplifyingthemarket.com/ by Tom Kaufmann that talks about real estate has taken the best long term investment for the last 4 years.
“For the fourth year in a row, Real Estate has come out on top as the
best long-term investment! This year’s results showed that 34% of
Americans chose real estate, followed by stocks at 26%. The full results
are shown in the chart below”
There is not anyone making more land unless you are near a volcano that is working. I have been buying and selling real estate since 1985 and have seen all the ups and downs in a lot of markets. I was purchasing condos in Mesa Az for $25,000-$40,000 in 1985 try and do that today? 2 Bedroom units are listed at $109,000 in that subdivision today. That is a nice increase in equity. The cash flow on them were also very nice.
Buying real estate is not an exact science, but if you know where to buy your real estate you will be in good shape for the future in most cases. The key is where and when to purchase real estate.
“As the real estate market has recovered, so has the belief of the
American people in the stability of housing as a long-term investment.”
Today’s market will not be tomorrows market. The key difference today is lack of inventory and affordable new builds. Go look at the new builds today, most are luxury and expensive. Getting real estate today in high demand affordable areas should increase in price over time.
We look at income real estate, and owner carry real estate for our clients. We also look at flips. Do not forget that when your looking for a property to move into, you want to have some equity going in call Brett 216-703-5740 Century 21 Premiere and 602-363-6551 EXP Realty and Playa Azul