Americans Believe Real Estate is the Best Long-Term Investment!
According to Bankrate’s latest Financial Security Index Poll, Americans 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 Americans to answer 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:
Sterling White, co-founder of Holdfolio, gave one reason as to why real estate may have ranked so high.
“Houses are tangible. You can physically see and feel the product. So you know where your money is going.”
July’s 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.”
There are several reasons, both financial and non-financial, as to why home ownership makes sense.
Why not get started today? Call Kathleen Militello at (978) 500-1480 and together we will build a strategy to build your real estate investment portfolio…even if it is the first home you purchase for you and your family. Think about your family’s future, make your investment today.
We are The Militello Team, serving the North of Boston–North Shore area. We are your local realtors.
Joseph Militello (978) 815-3877
Kathleen Militello (978) 500-1480
Source: Keeping Current Matters
J Barrett & Company, 1 Beach Street, Manchester, MA 01944