Real Estate as an Investment Strategy
According to Bankrate’s latest Financial Security Index Poll, people who have money to set aside for the next 10 years would rather invest in real estate than any other type of investment.
Bankrate asked the following question:
“Which would be the best way to invest money you did not need for more than 10 years?”
Real Estate came in as the top choice with 25% of all respondents, while cash investments (such as savings accounts and CD’s) came in second with 23%. The chart below shows the full results:
The poll also found that for the “26th consecutive month, Americans’ sense of financial well-being improved when taking into account debt, savings, net worth, job security, and overall financial situation.”
Real Estate Bottom Line
There are financial and non-financial reasons as to why home ownership makes sense. Americans have returned to a belief in home ownership an important investment strategy.